In the light of New Year celebration, it has greeted upon the people and industries within the UAE now as it announces fuel price changes. The UAE Fuel Price Committee has issued new petrol and diesel prices for January 2025, although not different from the prices for December, which is unto lesser than the previous months.
UAE Petrol Prices for January 2025
Here’s all about the new rates applicable for January 2025:
- Super 98 petrol: AED 2.61 per litre
- Special 95 petrol: AED 2.50 per litre
- E-Plus 91 petrol: AED 2.43 per litre
- Diesel: AED 2.68 per litre
Unfortunately, the price levels are similar to what they were as of December 2024. However, it still offers some relief to consumers as they make their budgets towards the New Year.
Factors Influencing Petrol Prices
Petrol prices in the UAE are a reflection of trends in the global oil marketplace. Local petrol prices deregulated in 2015 and became dependent on international prices. In essence, because of that, fluctuating global crude prices become direct determinants in the price of petrol and diesel inside UAE borders.
For the month of December 2024, Brent oil averaged around $73.06 a barrel, slightly lower than the $73.2 per barrel for November. Such a marginal drop in international oil prices accounts for the unchanged UAE petrol prices for January 2025.
Historical Trends
UAE petrol prices fluctuated considerably throughout 2024. The peak was in May when Super 98 petrol went for AED 3.34 per liter and diesel at AED 3.07 per liter. Towards the closing months of the year, prices dropped gradually and brought some relief to consumers.
Future Predictions
This situation will continue throughout 2025 considering the conditions of the global oil market, which remains at the mercy of geopolitical tensions, economic policies, and the ever-changing supply and demand. This will sustain continued fair and transparent pricing for consumers.
Motorists and businesses could continue to be aware about timely updates of the UAE petrol prices by following the announcements of the UAE fuel price committee and other trusted news agencies.
