Introduction Of Fuel
The United Arab Emirates (UAE) has announced its fuel prices for March, and motorists will see an increase of up to 16 fils per litre compared to the rates of February. This adjustment comes in response to global market dynamics and reflects the ongoing volatility in oil prices.
Table of Contents
The new prices, effective from March 1st, 2024, are as follows:
- Super 98: AED 3.00 per litre (up by 16 fils)
- Special 95: AED 2.89 per litre (up by 15 fils)
- Diesel: AED 2.95 per litre (up by 15 fils)
For motorists in the UAE, this means that filling up a standard 60-litre tank with Super 98 will now cost AED 180, up from AED 168 in February. Similarly, filling up with Special 95 will cost AED 173.40, up from AED 162 in February, while diesel users will see their costs rise to AED 177, up from AED 165 in February.
The UAE’s It pricing policy is based on the average global prices of petrol and diesel, with adjustments made on a monthly basis. This approach ensures that fuel prices in the UAE remain competitive and reflective of international market trends.
The increase in It prices for March is attributed to several factors, including geopolitical tensions, supply chain disruptions, and the ongoing transition to cleaner energy sources. These factors have contributed to a rise in global oil prices, which in turn has led to higher It prices in the UAE and other countries.
Despite the increase in It prices, the UAE remains committed to its long-term energy strategy, which includes diversifying its energy sources and reducing its reliance on fossil fuels. The country has made significant investments in renewable energy, including solar and wind power, and is actively promoting energy efficiency and conservation measures.
In conclusion, the UAE’s announcement of fuel prices for March reflects the ongoing volatility in global oil markets. While motorists will see an increase in fuel costs, the country remains committed to its energy strategy and is taking steps to promote sustainable and efficient energy use.
For more information on It prices and other updates, motorists are encouraged to visit the UAE’s official fuel price website or contact their local fuel station.
