Audi
Cadillac
Genesis
Kia
MG
Nissan
Suzuki
BMW
Changan
Honda
Lamborghini
Mazda
Polaris
Tesla
Bentley
Dodge
Hyundai
Lexus
McLaren
Porsche
Toyota
Bugatti
Ford
Infiniti
Land Rover
Mitsubishi
Peugeot
Haval
Chrysler
Ferrari
Jaguar
Lincoln
Mercedes
Rolls Royce
Hongqi
Chevrolet
GMC
Jetour
Maserati
Mini
Renault
Jeep
Normally, petrol prices in Dubai are steady, but there have been some fluctuations lately. This is because even a minor fluctuation in petrol prices can have a huge impact. It can have an impact on many industries including the logistics sector. Fuel costs are usually considered the primary cause of inflation. Since, they dictate living expenses and finished goods’ costs.
Current Petrol Prices in the UAE (July 2024)
The prices of petrol and diesel in the UAE for July 2024 are as follows:
- Special 95: AED 2.88
- Super 98: AED 2.99
- E-Plus: AED 2.80
- Diesel: AED 2.89
Comparative Petrol Prices for Recent Months
The following were detailed petrol prices over the last three months; in Dubai and other Emirates:
| Fuel Type | Per Litre Price (AED) for July 2024 | Per Litre Price (AED) for June 2024 | Per Litre Price (AED) for May 2024 | Per Litre Price (AED) for April 2024 |
| Super 98 | 2.99 | 3.14 | 3.34 | 3.15 |
| Special 95 | 2.88 | 3.02 | 3.22 | 3.03 |
| E-Plus | 2.80 | 2.88 | 3.07 | 2.96 |
| Diesel | 2.89 | 2.95 | 3.15 | 3.09 |
The differences in fuel rates between Dubai and other Emirates are negligible. Sometimes, it just changes slightly. In the month of July, this means that you will pay approximately 2 dirhams 88 cents per liter. It is available at any ENOC station within Dubai or one of EPPCO, ADNOC or Emarat stations inside Dubai city.
Now you know how much fuel costs in July, you can refuel your vehicle at any local gas station around Dubai. Such as ENOC, EPPCO, ADNOC and Emarat. Instead of going to a petrol station, you can also use Cafu which is a UAE mobile fuel service. This provides gasoline at the pump price.
Related Article: Fuel-Efficient Cars in UAE
Fuel Fill-Up Cost in the UAE
The recent decrease of fuel prices has significantly lowered the running costs per kilometer for vehicles. It is now cheaper to fill up an entire tank with petrol than it was last month. This can save you between AED 6 and AED 20 on a full tank, depending on its size.
Petrol Price Standardization in the UAE
Before 2015, the government heavily subsidized fuel prices therefore protecting them from fluctuating. Nevertheless, in September 2015, global oil price alignment necessitated fuel price liberalization. As we have seen at this committee more changes are expected in future.
Why Do Petrol Prices Fluctuate?
Petrol prices can change due to different factors, some predictable others not so much. Here are some reasons why petrol prices fluctuate:
OPEC’s Influence
The world’s leading oil cartel OPEC controls 80% of all petrol production globally. Through controlling petrol prices benefits member countries.
Supply and Demand
Global rates could be affected by discrepancies between supplies and demands for gasoline.
Natural Disasters
Oil supply chain disruptions or damages related to exploration or refining processes. It could impact pricing trends significantly.
Local Taxes and Interest Rates
These also contribute to volatility.
Regional Self-Sufficiency
There are no big changes in petrol prices within the UAE. It is because this country is self-sufficient when it comes to producing oil.
Currency exchange rates
Pegged against US Dollar one Dirham equals’ less expensive importation of crude. Hence, lower costs of petroleum products
Local regulations and subsidies
Particularly during difficult economic times Dubai would control fuel prices via legislation and subsidies.
These costs are associated with the production, transportation and sales of petroleum products. They itself have an impact on the pump price
Budgeting Strategies for Fuel Expenses
To manage your fuel expenses effectively, consider the following strategies:
Keep a record of your fuel spending
Track monthly fuel consumption. Correlate it with any changes in prices to establish trends and areas for improvement.
Optimize routes
Map out journeys to minimize use of petrol. By avoiding traffic congestion at all costs or when it is too high.
Alternatives to consider
Sometimes using public transport, cycling or car sharing can reduce dependence on private cars.
Maintain your vehicle
Regular maintenance checks will ensure your car remains fuel efficient. Think about buying a more energy-efficient car if you drive long distances regularly.
Conclusion
Fuel prices in Dubai and the UAE are influenced by a combination of global and local factors. Understand the factors and implement effective budgeting strategies. You can better manage your fuel expenses and adapt to changes in fuel prices. Stay informed about the latest fuel price updates. Continue to explore ways to optimize your fuel consumption. It would result in more sustainable and cost-effective driving experience in Dubai.
Fuel up your car rental or personal one and have the best traveling time in Dubai. Have a safe journey ahead.
