Abu Dhabi: The UAE has become the only country in the world to provide the cheapest petrol after further reduction in petrol prices.
According to foreign media reports, the UAE has reduced retail fuel prices by 38 fils per liter for the month of October. This is the third consecutive month that the UAE has reduced retail fuel prices.
According to the authorities, petrol prices have been reduced by 62 fils per litre, after which the price of Super 98 petrol will be 3.03 dirhams per liter from October 1 as against 3.41 dirhams in September.
Special 95 petrol will be priced at AED 2.92 per liter in September, compared to AED 3.30, E Plus 91 petrol will be priced at AED 2.85 per liter, compared to AED 3.22 per liter last month, while diesel price will be AED 3.87 per liter in September. 3.76 per litre.
The data shows that the global price of petrol is an average of $1.27 per litre, which is much higher than the fuel prices in the UAE.
According to foreign media reports, oil trade has decreased during the last three months, after which there is a strong possibility that OPEC will announce a reduction in crude oil production at the meeting on October 5.
