Welcome to CarPrices, we are your reliable source for the latest news and updates on the automotive scenario in the Emirates. On Thursday, September 31, UAE announced petrol and diesel prices for the month of October 2023. We will also analyze recent price changes and compare them with the previous two months to shed light on how these fluctuations impact your driving expenses.
UAE Petrol and Diesel Prices for October 2023
The latest oil prices have been announced and have come into effect across the country. The per-litre diesel and petrol price in the UAE for October 2023 is as follows:
Petrol and Diesel Prices for October
| EPlus 91 | AED 3.26 /litre |
| Special 95 | AED 3.33 /litre |
| Super 98 | AED 3.44/litre |
| Diesel | AED 3.57 /litre |
These prices will remain in effect from October 1 until the end of the month, prices for November will be released next month. The Oil prices are announced at the start of every month in the Emirates. The prices will be similar around different fuel stations across the country including bigger cities like Dubai, Abu Dhabi, Sharjah, and Ras al Khaimah.
Petrol and Diesel prices in UAE for the last three months: August to October 2023
Let's have a closer look at the earlier per-litre oil cost and changes over the past three months:
| Fuel Type | August 2023 | September 2023 | October 2023 |
| EPlus 91 | AED 2.81 | AED 3.23 | AED 3.26 |
| Special 95 | AED 2.89 | AED 3.31 | AED 3.33 |
| Super 98 | AED 3.00 | AED 3.42 | AED 3.44 |
| Diesel | AED 2.76 | AED 3.40 | AED 3.57 |
Petrol saw an increase of AED 0.03 per litre while Diesel now costs AED 0.17 higher as compared to the month of September.
1. E-Plus 91 petrol is now priced at AED 3.26 a litre, compared to AED 3.23 in September.
2. Special 95 now sells at AED 3.33 per litre, in comparison to AED 3.31 last month.
3. Super 98 petrol will cost AED 3.44 per litre, as compared to AED 3.42 a litre in September.
4. Diesel will sold at AED 3.57 a litre, an increase from the AED 3.40 per litre the previous month.
As you can observe, there has been a gradual growth in fuel prices over the previous months. This month, we can see a noticeable rise in prices compared to August and September. These fluctuations directly impact your driving costs and contribute to the overall cost of vehicle ownership, and transportation of goods, which eventually results in inflation of goods prices.
How the latest Fueling Cost and Per-Kilometer Expenses
Filling a full tank can cost you between 60 dirhams to 180 dirhams, depending on your vehicle type and the fuel you choose. We advise you to select the right fuel type and optimise your car's fuel efficiency. It's worth noting that the per-kilometre running cost of your car or motorcycle also have increased due to the recent price hikes.
Crude Oil Rate Control Mechanism in the UAE
The UAE's Fuel Price Committee plays a crucial role in determining the per-litre price of fuel. This committee evaluates various factors, including global gas prices, supply and demand dynamics, and economic considerations, to arrive at the monthly diesel and petrol price adjustments.
UAE Fuel Price Committee
Before 2015, the Fuel Price Committee heavily subsidized oil prices, ensuring stability and protection from global fluctuations. However, UAE liberalised petrol prices in 2015, October, aligning them with international oil market trends. This move brought more transparency and responsiveness to the local fuel market but has resulted in increased prices.
What to Expect in the Coming Months
Given the dynamic nature of the oil market and various geopolitical factors, it's reasonable to expect further changes in the fuel rates in the upcoming months. Staying informed about these changes will help you make informed decisions regarding your driving habits, car usage and travel plans.
Having knowledge about the present fuel rates and patterns in the UAE is crucial for everyone. With the fluctuations in the price of petrol and diesel in recent times, it is important to take these variations into account when calculating your travel expenses.
To obtain the most precise and up-to-date updates on petrol prices, You can count on CarPrices.ae as your main source. Stay connected for the most recent details as we strive to keep you well informed about the latest happenings in the automotive landscape of UAE and around the world.
