The UAE has increased its fuel prices for the month of June.
From today, June 1:
Super 98 petrol will cost Dhs4.15 a litre, up 13.4 per cent from last month’s Dhs3.66 a litre.
Special 95 will cost Dhs4.03 per litre this month, a 13.52 per cent surge from last month’s price of Dhs3.55.
Meanwhile, the price of diesel has been raised 1.47 per cent from Dhs4.08 in May to Dhs4.14 per litre.
Crude has soared this year as the crisis in Europe tightened global supplies at a time of rising demand, depleting stockpiles and boosting product prices to all-time highs. Oil prices have also been lifted as US motorists kick off the nation’s busy summer-driving season just as authorities in China loosen anti-virus curbs that had hurt energy consumption.
News Source: Gulf Business