The Fuel Price Committee of the UAE is set to announce the fuel prices for March. This announcement will cover the prices of petrol, diesel, and other fuel variants. In February, global fuel prices saw a significant increase, with a rise of 3.34 percent. Reports suggest that factors such as disruptions in oil production by the OPEC group influence this increase.
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Throughout most days in February, Brent crude oil prices hovered above $80 per barrel, marking a slight increase compared to the previous month. Discrepancies in global fuel prices during this time may reflect on the forthcoming prices in March. Notably, retail petrol prices in the UAE significantly increased in February. Super 98, Special 95, and E-Plus 91 saw respective price increments of 2.88 dirhams, 2.76 dirhams, and 2.69 dirhams.
For motorists, especially those embarking on long journeys, anticipation looms regarding the forthcoming fuel price announcements and subsequent adjustments in monthly budgets.
Conclusion:
As anticipation builds for the announcement of fuel prices for March, motorists in the UAE brace themselves for potential further increases. With global fuel prices fluctuating and geopolitical factors influencing production and distribution, the final announcement will shed light on the trajectory of fuel costs in the coming month.
