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    UAE fuel prices drop in August after reaching highest rates in 2022 in July

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    Lifestyle

    by Team Emirates Woman
    31 mins ago

    The UAE has announced a drop in fuel prices for August 2022.
    This comes after prices reached an all-time high in July, crossing the Dhs4 per litre mark since the fuel price deregulation in August 2015.
    However, Emarat announced the petrol rates for August which has seen a drop of up to 62 fils per litre, with 95 special and 91 E-Plus falling back below Dhs4 per litre.
    ALSO READ: This is exactly how much petrol prices have increased since January
    Throughout August 98 Super is now Dhs4.03 per litre; 95 Special is now Dhs3.92 per litre; Diesel is now Dhs4.14 per litre; and 91 E-Plus is Dhs3.84 per litre.

    ⛽ Monthly Fuel Price Announcement:August 2022 fuel prices released by the #UAE Fuel Price Follow-up Committee pic.twitter.com/HhACWarUyz
    — Emarat (امارات) (@EmaratOfficial) July 31, 2022

    The price drop will undoubtedly be welcomed by many across the country following prices increasing for two months consecutively in June and July 2022.
    It was found petrol costs had increased by a whopping 74 per cent up until July 2022, since the beginning of the year.
    The knock-on effect
    The rising petrol prices are also having a knock-on effect on big businesses too.
    In June, ride-hailing company, Uber Technologies Inc. announced price increases, announcing customers would now be charged as much as 11 per cent more for certain trips.
    With global petrol and diesel prices continuing to reach soaring highs, many parts of the UAE including Sharjah have seen a hike in taxi fares.
    To keep the low-income citizens in mind, the new allowance will provide a monthly subsidy of 85 per cent of the fuel price increase over Dhs2.1 per litre, as reported by WAM.
    Per the latest fuel subsidy scheme, the head of these families will receive a subsidy of 300 litres, while working wives will receive a subsidy of 200 litres. The announcement came as part of the UAE president’s directive to restructure its social welfare programme for low-income Emiratis, doubling its size to Dhs28 billion.
    Despite the increase in prices, the UAE continues to be the third-biggest OPEC producer followed by Kuwait.
    – For more on luxury lifestyle, news, fashion and beauty follow Emirates Woman on Facebook and Instagram
    Media: Twitter, Feature Image: Emirates Woman  More

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    • 138 Shares

      in lifestyle and culture

      This is exactly how much petrol prices have increased since January

      by

      Lifestyle

      by Sarah Joseph
      1 minute ago

      The UAE has witnessed an astronomical rise in petrol prices since the start of 2022, as has the rest of the world.
      For the first time in seven years, petrol prices crossed the Dhs4 per litre mark since the fuel price deregulation in August 2015.
      Per Emarat petrol rates, petrol prices have risen by over 74 per cent since January.
      The new petrol rates for July were published by Emarat last week. The prices for 98 Super is now 11.5 per cent more at Dhs4.63 per litre rising from Dhs2.65 per litre; 95 Special has increased by 12 per cent and is now at Dhs4.52 per litre; Diesel is now Dhs4.76 per litre and 91 E-Plus now costs Dhs4.44 per litre.

      أسعار الوقود الشهرية: أسعار الوقود لشهر يوليو 2022 وفقاً للجنة متابعة أسعار الجازولين والديزل في #الإمارات
      ⛽ Monthly Fuel Price Announcement:July 2022 fuel prices released by the #UAE Fuel Price Follow-up Committee pic.twitter.com/2vE4WBTfTu
      — Emarat (امارات) (@EmaratOfficial) June 30, 2022

      Due to the Russia-Ukraine crisis, global oil markets have experienced an overall price hike, leading to UAE residents feeling the ripple effect.
      The knock-on effect
      The rising petrol prices are also having a knock-on effect on big businesses too.
      Last week, ride-hailing company, Uber Technologies Inc. announced price increases, announcing customers would now be charged as much as 11 per cent more for certain trips.
      With global petrol and diesel prices continuing to reach soaring highs, many parts of the UAE including Sharjah have seen a hike in taxi fares.
      To keep the low-income citizens in mind, the new allowance will provide a monthly subsidy of 85 percent of the fuel price increase over Dhs2.1 per litre, as reported by WAM.
      Per the latest fuel subsidy scheme, the head of these families will receive a subsidy of 300 litres, while working wives will receive a subsidy of 200 litres. The announcement came as part of the UAE president’s directive to restructure its social welfare programme for low-income Emiratis, doubling its size to Dhs28 billion.
      Despite the increase in prices, the UAE continues to be the third-biggest OPEC producer followed by Kuwait.
      – For more on luxury lifestyle, news, fashion and beauty follow Emirates Woman on Facebook and Instagram
      Media: Twitter, Feature Image: Instagram @clairerose  More

    • 125 Shares

      in lifestyle and culture

      Here’s why Uber prices now cost more in the UAE

      by

      Lifestyle

      by Sarah Joseph
      1 minute ago

      If you’re thinking to skip plans, this might be a good enough reason.
      The ride-hailing company, Uber Technologies Inc. will now charge as much as 11 percent more for certain trips as informed to their customers recently.
      The news regarding the second Uber hike was released post the announcement of petrol prices increasing in the UAE.
      According to the revised price hike Popular Comfort cars are Dhs3.13 per km fromDhs2.9, Black cars are Dhs3.67 which was previously Dhs3.4 and XL vehicles are Dhs3.73 per km, jumping from Dhs3.46.
      Nevertheless, Uber said, “The revised fare will help drives to continue to have sustainable earnings and continue to ensure riders can continue to travel the city comfortably.
      Since January 2022, the UAE has seen a hike in fuel prices by 56 percent due to an increase in global crude oil prices, thereby leading to this major hike for UAE residents and tourists.
      Per Emarat, an official announcement was made via their Twitter feed regarding the July 2022 fuel prices.

      أسعار الوقود الشهرية: أسعار الوقود لشهر يوليو 2022 وفقاً للجنة متابعة أسعار الجازولين والديزل في #الإمارات
      ⛽ Monthly Fuel Price Announcement:July 2022 fuel prices released by the #UAE Fuel Price Follow-up Committee pic.twitter.com/2vE4WBTfTu
      — Emarat (امارات) (@EmaratOfficial) June 30, 2022

      For the first time, UAE petrol prices have crossed the four dirham mark since the country’s fuel price deregulation in August 2015.
      Despite the prices being relatively higher than they were previously, according to Global Petrol Prices, the current price is well below the average globally. Currently being $1.47 (Dhs5.40) in the UAE, petrol prices on average in the US cost $1.37 (Dhs5.03) and in the UK cost $2.32 (Dhs 8.52).
      When it comes to oil production, Saudi Arabia continues to be the biggest OPEC producer, with UAE being the third followed by Kuwait.
      To receive an estimate of your ride, you can simply visit uber.com and input your details.
      – For more on luxury lifestyle, news, fashion and beauty follow Emirates Woman on Facebook and Instagram
      Feature image: Instagram @clairerose More