Petrol Price In UAE Today: Check October 2024 Fuel Price Update
Key Highlights
- Check the latest petrol price in the UAE today
- Learn the latest fuel prices in the UAE including Diesel, Super 98, EPlus, Special 95
- See the fluctuations & comparison with the previous month's fuel prices
Petrol prices in UAE for October 2024 have been announced. The fuel prices in the UAE have decreased compared to the petrol prices in September 2024. We have a detailed list & comparison ready for you to understand how much it will cost to tank up your vehicle in October 2024 in the UAE.
Also Read: Car Registration Process in Dubai 2024: A Complete Guide For Used Car & New Car Registration
Petrol Price In UAE - October 2024 Details
Continuing the discipline of announcing the fuel prices for the next month, the UAE fuel price committee has finally announced the petrol price in UAE for October 2024. With the global prices for fuel remaining subdued for this month, the petrol prices in October were expected to fall, and that is what has occurred. The fuel prices in the UAE have fallen for October 2024 and will be implemented across the UAE from October 1.
The fuel prices in UAE for October 2024, in comparison to September 2024 prices, are as follows:
As expected, the fall in the oil prices was more than 4% after the news of Saudi Arabia dropping the $100 per barrel target came into the limelight. Hence, a drop trend in fuel prices was already expected for October, which has been revealed in today's petrol price announcement.
As mentioned above, the Special 95 will now cost AED 2.54 as compared to the AED 2.78 in September. The Super 98 is going to cost AED 2.66 as compared to AED 2.90 in September. The E-Plus 91, a popular fuel type, will now cost AED 2.47, as compared to AED 2.71 in September. The diesel users will cherish the drop from AED 2.78 in September, to a new low of AED 2.6 for October.
Also Read: Understanding Dubai’s Traffic Fines and Black Points System - A Complete Guide
Petrol Price In UAE - How Is It Decided?
UAE's government used to subsidise fuel before 2015. The heavy subsidy rates ensured that the petrol prices in UAE did not fluctuate. However, post-2015, this law was changed & a fuel price committee was set up. This committee, after analysing the international oil rate market, rolls out new prices monthly. These prices are announced on the last day of the previous month. For example, the petrol prices in October have been announced today, the last day of September.
Also Read: See 5 Best Hybrid Cars In UAE 2024 - Check Price, Mileage, Features, Specs, & More
Why Do Petrol Price In UAE Changes?
Petrol price in the UAE keeps fluctuating for multiple reasons. These reasons include regularisation as well as demand & supply factors. Some of the crucial factors affecting the fuel prices in the UAE are as follows:
- Based on the demand & supply, the fuel-producing nations can control the international crude oil market, therefore, affecting the petrol price in UAE as well.
- OPEC (Organization of Petroleum Exporting Countries) is a committee that can regulate the crude oil supply prices timely, to ensure a subtle monetary compensation & flow among its members.
- The taxation system of a nation & other duties on the petroleum industry can also affect & fluctuate the petrol prices.
- In extreme conditions of a natural calamity, if the demand & supply are disturbed, the fuel prices will fluctuate as well.
Also Read: Car Window Tinting In The UAE: Rules, Fine, Price Details
Our Verdict
The petrol price in UAE for October 2024 has come down from the previous month's pricing. This downfall is a result of the fluctuations in the international crude oil market. The petrol & diesel prices in UAE are relatively low & it is going to be a less costly month for vehicle users in terms of fuel expenses.
FAQs
Does the petrol price in UAE change every month?
Yes, the UAE Fuel Price Committee is responsible for maintaining a flow of fuel prices monthly, and hence, the petrol price in UAE fluctuates depending on the international crude oil market.
What is the petrol price in UAE for October 2024?
The petrol price in UAE for October 2024 is between AED 2.47 - AED 2.66, depending on the fuel grade.
When will be the petrol price for November 2024 revealed?
The petrol price for November will be revealed on October 31.
Is petrol more costly than diesel in the UAE?
As per the petrol price in UAE for October 2024, the petrol & diesel prices are identical, depending on the fuel grade.
Key Highlights
- Check the latest petrol price in the UAE today
- Learn the latest fuel prices in the UAE including Diesel, Super 98, EPlus, Special 95
- See the fluctuations & comparison with the previous month's fuel prices
Petrol prices in UAE for October 2024 have been announced. The fuel prices in the UAE have decreased compared to the petrol prices in September 2024. We have a detailed list & comparison ready for you to understand how much it will cost to tank up your vehicle in October 2024 in the UAE.
Also Read: Car Registration Process in Dubai 2024: A Complete Guide For Used Car & New Car Registration
Petrol Price In UAE - October 2024 Details
Continuing the discipline of announcing the fuel prices for the next month, the UAE fuel price committee has finally announced the petrol price in UAE for October 2024. With the global prices for fuel remaining subdued for this month, the petrol prices in October were expected to fall, and that is what has occurred. The fuel prices in the UAE have fallen for October 2024 and will be implemented across the UAE from October 1.
The fuel prices in UAE for October 2024, in comparison to September 2024 prices, are as follows:
As expected, the fall in the oil prices was more than 4% after the news of Saudi Arabia dropping the $100 per barrel target came into the limelight. Hence, a drop trend in fuel prices was already expected for October, which has been revealed in today's petrol price announcement.
As mentioned above, the Special 95 will now cost AED 2.54 as compared to the AED 2.78 in September. The Super 98 is going to cost AED 2.66 as compared to AED 2.90 in September. The E-Plus 91, a popular fuel type, will now cost AED 2.47, as compared to AED 2.71 in September. The diesel users will cherish the drop from AED 2.78 in September, to a new low of AED 2.6 for October.
Also Read: Understanding Dubai’s Traffic Fines and Black Points System - A Complete Guide
Petrol Price In UAE - How Is It Decided?
UAE's government used to subsidise fuel before 2015. The heavy subsidy rates ensured that the petrol prices in UAE did not fluctuate. However, post-2015, this law was changed & a fuel price committee was set up. This committee, after analysing the international oil rate market, rolls out new prices monthly. These prices are announced on the last day of the previous month. For example, the petrol prices in October have been announced today, the last day of September.
Also Read: See 5 Best Hybrid Cars In UAE 2024 - Check Price, Mileage, Features, Specs, & More
Why Do Petrol Price In UAE Changes?
Petrol price in the UAE keeps fluctuating for multiple reasons. These reasons include regularisation as well as demand & supply factors. Some of the crucial factors affecting the fuel prices in the UAE are as follows:
- Based on the demand & supply, the fuel-producing nations can control the international crude oil market, therefore, affecting the petrol price in UAE as well.
- OPEC (Organization of Petroleum Exporting Countries) is a committee that can regulate the crude oil supply prices timely, to ensure a subtle monetary compensation & flow among its members.
- The taxation system of a nation & other duties on the petroleum industry can also affect & fluctuate the petrol prices.
- In extreme conditions of a natural calamity, if the demand & supply are disturbed, the fuel prices will fluctuate as well.
Also Read: Car Window Tinting In The UAE: Rules, Fine, Price Details
Our Verdict
The petrol price in UAE for October 2024 has come down from the previous month's pricing. This downfall is a result of the fluctuations in the international crude oil market. The petrol & diesel prices in UAE are relatively low & it is going to be a less costly month for vehicle users in terms of fuel expenses.
FAQs
Does the petrol price in UAE change every month?
Yes, the UAE Fuel Price Committee is responsible for maintaining a flow of fuel prices monthly, and hence, the petrol price in UAE fluctuates depending on the international crude oil market.
What is the petrol price in UAE for October 2024?
The petrol price in UAE for October 2024 is between AED 2.47 - AED 2.66, depending on the fuel grade.
When will be the petrol price for November 2024 revealed?
The petrol price for November will be revealed on October 31.
Is petrol more costly than diesel in the UAE?
As per the petrol price in UAE for October 2024, the petrol & diesel prices are identical, depending on the fuel grade.
