Here’s how much you’ll pay at the pump next month…

The UAE fuel price committee on Monday announced petrol and diesel prices for the month of October 2024. The new rates will apply from October 1 and are as follows:

-Super 98 petrol will cost Dh2.66 a litre, compared to Dh2.90 in September.

-Special 95 petrol will cost Dh2.54 per litre, compared to the current rate of Dh2.78.

-E-Plus 91 petrol will cost Dh2.47 a litre, compared to Dh2.71 a litre in September.

-Diesel will be charged at Dh2.6 a litre compared to the current rate of Dh2.78

Petrol prices were expected to drop for October as global oil prices remained subdued in September. Brent oil prices averaged nearly $73 a barrel in September compared to $78.63 a barrel in August due to multiple factors such as firmer supply and news about Saudi Arabia planning to increase production.

The UAE’s Ministry of Energy first began setting UAE fuel prices based on average global prices in August 2015. Prior to that, the price of petrol in the UAE was subsidised by the government, which shielded consumers from global fluctuations in the cost of petrol.