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UAE petrol prices to get costlier by 50fils in June

The UAE fuel price committee on May 31 announced petrol and diesel prices for the month of June 2022. Starting June 1, Super 98 petrol will cost Dh4.15 a litre, compared to Dh3.66 in May. Motorists across the Emirates have been paying more at the pumps in recent months, with a 10 per cent rise in March and a 16 per cent increase in April before a slight comedown in May.

The prices announced by the UAE Fuel Price Committee in April were the highest since they were liberalised in 2015 to allow them to move in line with the market.

In 2020, prices were frozen by the Fuel Price Committee at the beginning of the coronavirus pandemic. The controls were removed in March 2021 to reflect the movement of the market.

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