The UAE fuel price committee  has announced petrol and diesel prices for the month of May 2023. Starting May 1, Super 98 petrol will cost Dh3.16 a litre, compared to Dh3.01 in April. Special 95 petrol will cost Dh3.05 per litre, compared to Dh2.90 last month.

E-Plus 91 petrol will cost Dh2.79 a litre, compared to Dh2.82 a litre in April. Diesel will be charged at Dh2.91 a litre compared to Dh3.03 last month.

Since the UAE aligned petrol prices with global rates in 2015, any decrease or increase in global prices directly reflects in the local petrol prices when they’re revised at the end of every month. According to globalpetrolprices.com, fuel prices were cheaper by over 40 per cent as of April 24 in the Emirates as compared to the global average. Data showed the average global price of petrol was Dh4.87 on April 24 as compared to Dh2.90 in the UAE. Based on this rate, prices in the were UAE the 23rd cheapest in the world. Prices peaked in the UAE in June and July last year after the Russia-Ukraine war, reaching Dh4.63 per litre in the country.