Fuel price increases in July

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Today, the websites of fuel distribution companies revealed that the prices of gasoline and its derivatives “Super 98”, “Special 95”, and “I Plus 91” recorded new increases in their indicators, starting from the first of next July, with a value ranging between 48 and 49 fils per liter. Whereas, the price of a liter of diesel recorded an increase of 62 fils compared to the prices of June, according to the prices approved by the Committee to follow up on fuel prices of all kinds, including value-added tax at 5%.

The price of a liter of “Super 98” gasoline, as of the beginning of July, increased from 4.15 dirhams previously, to 4.63 dirhams, an increase of 48 fils, while the price of a liter of “Special 95” gasoline increased from 4.03 dirhams, to 4.52 AED, an increase of 49 fils, and the price of a liter of gasoline "I Plus 91" increased from 3.96 dirhams to 4.44 dirhams, an increase of 48 fils.

The price of a liter of diesel increases from 4.14 dirhams per liter previously, to 4.76 dirhams, an increase of 62 fils.

It is noteworthy that the fuel price standards adopted by the Ministry of Energy are determined on a monthly basis, according to the average world oil prices, up or down, after adding the operating costs of the distribution companies.

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