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Good News for Drivers: Lower UAE Gas and Fuel Prices

New gasoline and diesel prices have been announced by the United Arab Emirates (UAE) Fuel Pricing Committee and will take effect on April 1, 2023. Prices for Diesel, Super 98, Special 95, and E-Plus 91 have all decreased by up to 3.50 percent.

The price decrease will also benefit other industries around the nation, including public transportation, shipping, etc. Here is a table that compares prices between March and April:
Fuel Type April 2023 Price (AED/L) March 2023 Price (AED/L) Decrease in Percentage
Super 98 3.01 3.09 -2.59%
Special 95 2.90 2.97 -2.36%
E-Plus 91 2.82 2.90 -2.76%
Diesel 3.03 3.14 -3.50%
Super 98, Special 95, and E-Plus 91 prices were increased by up to 1.40 percent by the Fuel Pricing Committee in March, while diesel prices were cut by a staggering 7.10 percent.

How Gasoline Prices in the UAE Are Set

Prior to 2015, the government in the UAE controlled and maintained a steady level of fuel prices. This indicated that the prices were fixed regardless of changes in market rates or the price of manufacturing.

The UAE government made the decision to deregulate gasoline prices in 2015. This meant that the prices would be set by market rates and would change based on variables including the price of crude oil on the international market, supply and demand, and other economic factors.

However, the UAE government agreed to restrict fuel prices once more at the onset of the COVID-19 pandemic in 2020 in order to help the people and companies who were impacted by the epidemic.

The UAE government then made the decision to once again deregulate fuel prices and let the market determine them in March 2021.

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