UAE announces petrol price hike for May, diesel sees a decrease

The United Arab Emirates (UAE) announced a rise in petrol prices for May 2024.Starting from May 1, 2024, the price of Super 98 petrol will rise from the current Dh 3.15 per litre to Dh 3.34 per litre. Additionally, the cost of Special 95 petrol will be set at Dh 3.22 per litre.

The price of



diesel, on the other hand, has seen a decrease. Diesel will now be priced at Dh 3.12 per liter, down from the previous rate. This decision by the UAE government comes as global oil prices continue to fluctuate, with factors such as supply and demand, geopolitical tensions, and economic conditions all playing a role.