New fuel prices have been announced in the UAE by the Ministry of Energy. The fuel prices have been increased again, making it six out of nine months when fuel prices have witnessed an increase in 2017. The fluctuation in fuel prices adds to the worries of motorists as they find it difficult to manage their fuel expenses because commuting is getting costlier almost every month.
The fuel prices are linked to the international crude oil prices and the regular fluctuations in crude oil prices directly affect fuel prices in the UAE.
Fuel Prices for the Month of September
Fuel prices have been increased for the second consecutive month in the third quarter of 2017. Before this, the fuel prices were decreased for two consecutive months in June and July respectively. The instability in fuel prices make it difficult for motorists to manage their monthly fuel budget, especially when prices are increased for consecutive months. During 2017, fuel prices were highest in March and now in September, the fuel prices will again witness a noticeable increase. September will actually be the second most expensive month for commuting this year.
Listed below are the new fuel prices by fuel-type in the UAE, which will be effective from September 1, 2017:
- The new price for Special 95 will be AED 1.90/Litre. In August, Special 95 was sold at AED 1.78/Litre.
- The Super 98 will also witness an increase in its price. The August price of Super 98 was AED 1.89/Litre, which will be increased to AED 2.01/Litre in September.
- The price of E Plus-91 will be increased from AED 1.71/Litre in August to AED 1.83/Litre in September.
- The diesel price has also been raised. The new price for diesel will be AED 2.00/Litre, its price in August was 1.88/Litre.
A strategy for liberalization of fuel prices was introduced at the start of 2017 to streamline the change in fuel prices every month. According to this new strategy, the prices for all types of fuel will be subject to an equal increase on monthly basis. This new liberalizing strategy of fuel prices mounts extra pressure on motorists because prices for all types of fuel increase with every next hike announced in the prices.
Also read: August Fuel Prices Announced in the UAE
How Motorists Can Manage their Fuel Budget?
Fuel prices have been increased thirteen times since the start of 2016 till September 2017. This clearly highlights a need to explore ways that can help motorists in reducing their fuel expenses.
Listed below are different practices that can be adopted to minimize fuel expenses in the UAE.
Buying an Electric or Hybrid Vehicle
Buying an electric or hybrid vehicle is the best possible option to minimize the fuel expenses. Electric Vehicles (EVs) are a better option as they bring down the fuel expenses to a bare minimum because they use electric batteries instead of a traditional combustion engine that needs fuel for working. On the other hand, hybrids use two powertrains, one of which is a combustion engine and the other is either an electric battery or any other source of energy. Hybrids also reduce the fuel expenses as they require lesser fuel as compared to conventional vehicles.
Some of the best EVs and hybrids of 2017 are listed below:
- BMW i3
- Toyota Prius Prime
- Tesla Model X
- Tesla Model S
- Volkswagen e-Golf
- Lexus CT
- KIA Soul EV
- Hyundai Ioniq
- Ford Focus Electric
- Chevrolet Volt
Buying Fuel-efficient Vehicles
Other than hybrid and electric vehicles, people in the UAE can also look to buy fuel-efficient vehicles that are equipped with an advanced powertrain that gives a better fuel average, both in cities and on the highways. Fuel-efficient vehicles are now available in all vehicle segments even including SUVs and Pickup trucks.
Also read: Top 5 Fuel-Efficient Cars under AED 60,000 in the UAE
Bringing a Positive Change to the Driving Habits
Motorists can manage their fuel expenses also by increasing the use of Public Transport. A change in driving habits can also have a good effect on managing the fuel expenses on daily basis. Avoiding aggressive driving can be one way of minimizing the consumption of fuel.
In order to know about other driving habits that can help you manage your fuel expenses better, read our blog on 7 Fuel-Saving Driving Tips for Motorists in the UAE.
Roundup
The increase in fuel prices can be a worry for anyone who drives a vehicle in the UAE. Even a minor increase every month can mount pressure as motorists have to reset their fuel budget on monthly basis. In this situation, motorists should look to opt for electric vehicles, not only because these vehicles minimize the fuel expense, but also because the Government of the UAE offers a number of benefits for buying and owning an electric car.
Read our blog on Top 5 Reasons to Buy an Electric Vehicle in the UAE to find out all the benefits that the UAE Government is offering to the electric car buyers in the UAE.
If you are planning for a quick shift from your traditional vehicle to an environment and budget-friendly electric vehicle, then don’t forget that we buy any car in just 30 minutes while all the post-sale paperwork is handled by SellAnyCar.com’s team.
