UAE petrol prices drop by 41 fils per litre: Residents to save big on fuel in November

The UAE Fuel Price Committee on Tuesday slashed local petrol diesel prices by 41 fils a litre for November 2023 after four months of consecutive increases, bringing relief for motorists.

The Super 98 variant’s price dropped 11.9 per cent to Dh3.03 a litre; the Special 95 rate was slashed by 12.3 per cent to Dh2.92; and the E-plus price was cut by 12.57 per cent to Dh2.85 a litre. Diesel price was slashed by 15 fils to Dh3.42 a litre.

The UAE revises local fuel retail rates at the end of every month as part of its deregulation policy announced in August 2015 to align rates with the global rates.

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“This is a big drop in petrol prices and definitely a major relief for people in the field of sales and transport. This will help me save around Dh150-Dh200 in savings a month, which is a decent amount for the middle class,” said Dubai resident Anil Kumar, who drives regularly to Northern Emirates for the business.

Abu Al Hassan, a long-time Sharjah resident who regularly commutes to Dubai, is also ecstatic with the reduction in fuel rates.

• UAE: Petrol, diesel prices for November 2023 announced