The Ministry of Energy in the UAE announced the fuel prices on Tuesday and for the first time in 2017, fuel prices have been decreased. The constant rise in fuel prices in the first three months of 2017 mounted pressure on motorists to manage their fuel expenses and the reduction in the April fuel prices will certainly be welcomed by motorists all over the UAE.
Also read: March Fuel Prices Announced in the UAE
A 12 Months Analysis of the Fuel Prices in the UAE
A complete analysis of the fuel prices of last 12 months (April 2016 – April 2017) in the UAE clearly shows the gradual increase in the prices for most of the months. There were only two instances before the April 2017 when the fuel prices decreased. The first decline in the fuel prices was observed in the August 2016 and the other significant decrease was made to the fuel prices in December 2016. Other than that, fuel prices only increased because of a historic agreement signed between the OPEC and non-OPEC members to reduce the production of oil to 1.8 million barrels per day in order to maintain the oil prices.
Also read: 7 Fuel-Saving Driving Tips for Motorists in the UAE
New Fuel Prices in the UAE
Fuel prices have continuously increased in 2017 and April will be the first month of the year to record a decline in price. The decrease made to fuel prices for the month of April is not huge but any decrease in the price of fuel will be welcomed by the UAE motorists.
Listed below are the new prices of the different types of fuel in the UAE.
- Price of Super 98 will be AED 1.95/Litre
- Price of Special 95 will be AED 1.84/Litre
- Price of E-Plus 91 will be AED 1.77/Litre
- Price of Diesel will be AED 1.95/Litre
The price of Super 98 has been reduced from AED 2.03/Litre to AED 1.95/Litre. The Special 95 and E-Plus 91 have also observed a similar decrease of AED 0.08/Litre in the price. The price of diesel has decreased to AED 1.95/Litre from AED 2.02/Litre.
Also read: Top 5 Fuel-Efficient Cars under AED 60,000 in the UAE
Impact of Decreased Fuel Prices in the UAE
Motorists will certainly have some much-needed relief with fuel prices going down for the month of April. Another impact of the change in fuel prices trend could be on the mindset of the UAE residents to buy fuel-efficient vehicles in order to minimize the effect of fluctuating fuel prices on their monthly budget. The Government’s initiatives to help the entry of fuel-efficient vehicles, especially the eco-friendly hybrids and electric vehicles in the UAE, coupled with the fluctuating fuel prices will make it easier for the UAE motorists to opt for eco-friendly cars.
The long term benefits of these ongoing efforts from the Government bodies will not only help the industry of fuel-efficient vehicles to grow in the UAE but will reduce the stress of motorists in their daily commuting as they won’t have to worry much about their fuel expenses. It is an excellent initiative to decrease the fuel prices and a continuity of this trend for coming months is all that motorists in the UAE expect now.
If you plan to break-free from the monthly changes in fuel prices by buying a fuel-efficient vehicle, then don’t forget that with us, you can sell any used car in just 30 minutes while all the post-sale paperwork is handled by SellAnyCar.com’s team.
