Good news for petroleum consumers in the UAE. The Ministry of Energy and Industry has reduced the UAE fuel prices for March 2020 by approximately 4%. Since the start of the year, we have been witnessing a steady price, but now it finally decreased owing to the coronavirus outbreak.
In March 2020, Super 98 will sell at Dh2.16 (a decrease of 8 fils compared to the current price), Special 95 will cost Dh2.04 (a reduction of 8 fils) while the diesel price will stand at Dh2.25 (a fall of 15 fils).
March fuel ⛽ prices as per the #UAE fuel committee are out. Check them below. #InspiringEnergy
إليكم أسعار الوقود ⛽ لشهر مارس وفقاً لما ذكرته لجنة متابعة أسعار الوقود في الإمارات. #طاقة_مُلهمة pic.twitter.com/kHuzojrSDA
— ENOC (@enoc_official) February 27, 2020
The oil prices have been continuously decreasing for the past five days with Brent and West Texas Intermediate (WTI) both falling 1.1%.
“Speculations that coronavirus may spread in the United States prompted a series of fresh selling,” Kazuhiko Saito, chief analyst at Fujitomi, said to Reuters. The prices will be further reduced if the epidemic worsens in the coming days.
Source and Image: TheNational