UAE Government to Lower Petrol Prices in July 2024

In the United Arab Emirates (UAE), citizens and residents can expect a change in petrol prices come July 2024. The UAE government regularly adjusts petrol and diesel prices on a monthly basis to reflect global market trends. The upcoming adjustment, scheduled to be announced on June 30, follows a recent decrease in petrol prices in June 2024, marking the first drop since the beginning of the year. Prior to this decline, petrol prices had been steadily increasing month by month, while diesel costs had been fluctuating.

As of now, the current prices stand at AED 3.14 per litre for Super 98 petrol, Dhs3.02 per litre for Special 95 petrol, Dhs2.95 per litre for E-plus 91 petrol, and Dhs2.88 per litre for diesel. It is anticipated that the UAE government will introduce a further reduction in petrol prices, aiming to provide relief to the public, especially those in the transportation sector. The new prices are set to come into effect on July 1, 2024, pending the official announcement by the government.

The anticipated reduction in petrol prices in the UAE for July 2024 brings hope for consumers and businesses alike. With the cost of living being a significant concern for many, any relief in fuel prices can have a positive impact on daily expenses and overall economic stability. Stay tuned for the official announcement at the end of June to see how these changes will benefit the community.