35.8 C
Dubai
Wednesday, September 10, 2025

September Fuel Price Outlook 2024: UAE Drivers Expect Relief

UAE September Fuel Price Drop

The UAE is set to experience a decline in fuel prices this September, a relief for motorists across the country. This anticipated drop follows the trend of fluctuating global oil prices, which have been influencing local fuel costs for years. With the beginning of September, UAE residents may find some respite at the pump, as experts predict a downward adjustment in fuel prices.

Monthly Fuel Price Adjustments in the UAE

Since 2015, the UAE has been revising petrol prices monthly to reflect the changes in global oil markets. This system was introduced to align local fuel costs with international trends, ensuring that prices in the UAE are competitive and reflective of the broader market. Each month, motorists in the UAE eagerly await the announcement of new prices, as it directly impacts their budgeting and daily expenses.

August’s Price Hike

In August, UAE motorists faced a slight increase in fuel prices. The cost of Super 98, Special 95, and E-Plus petrol was adjusted to Dh3.05, Dh2.93, and Dh2.86 per litre, respectively. This uptick was attributed to global market conditions, which saw a brief rise in oil prices.

The Role of Global Oil Prices

Global oil prices play a significant role in determining fuel costs in the UAE. In August, Brent crude oil averaged around $78.63 per barrel, a decrease from $84 per barrel in July. This drop in oil prices has been linked to several factors, including weak demand from major economies like China and decreasing US crude oil stocks. As a result, the UAE’s fuel prices are expected to be lower in September.

Economic Forecasts and Expert Predictions

Experts like Vijay Valecha from Century Financial have forecasted a continued decline in oil prices, citing weak global demand and other market dynamics. Similarly, Oxford Economics predicts that oil prices will average $82.8 per barrel this year, with a further drop to $77.5 per barrel by 2025. These predictions suggest that UAE motorists could see a gradual decrease in fuel prices over the coming months.

Impact on UAE Motorists

For many UAE residents, the fluctuation in fuel prices directly affects their monthly budgets. With fuel costs being a significant part of daily expenses, any reduction in prices is welcomed by those who rely on their vehicles for commuting and other activities. The expected drop in September’s fuel prices is likely to provide some financial relief to budget-conscious motorists.

As global oil prices continue to fluctuate, the UAE’s monthly fuel price adjustments remain a critical factor for motorists. The anticipated drop in September’s fuel prices is a positive development for those looking to save on their fuel expenses. With expert predictions pointing towards a continued decrease in oil prices, UAE residents can look forward to more stable and possibly lower fuel costs in the near future.

Abdul

Hot this week

Abdulfatah Ramadan Mohalhel: A Leader Driven by Integrity, Honesty, and High Ethical Standards

Abdulfatah Ramadan Mohalhel: Kuwait Drilling Company ( KDC ) Entrepreneurs...

UAE’s Botim Launches ‘Send Now, Pay Later’ Remittance Service

In a groundbreaking move, Botim, a popular voice and...

Amjad Barakat: An Influential Business Leader with Unbeatable Spirit and Perseverance

Amjad Barakat, Founder, Brunch & Cake While entrepreneurship can be...

UAE Labour Law: How Free Zone Employees Can File a Labor Complaint

Working in a free zone in Dubai comes with...

Vinod Damodaran: Master of Aggregates & Inspiring Leadership

Vinod Damodaran, CEO, Central Quarry & Mining “When you want...

OPEC+ Signals Ambition With New Oil Supply Increase

137 k bpd Boost reshapes energy markets as OPEC+...

AI-Work Browser Deal Sparks Industry Buzz

AI-Work Browser Deal is capturing global attention as Atlassian...

Apple’s Bold Step with the AI Siri Search Tool

AI Siri Search Tool is the latest ambitious project...

du Pay Launches Salary in Digital Wallet Service for UAE

du Pay salary in the digital wallet is set...

Tecom’s $435M Dubai Land Deal Sparks Industrial Boom

Tecom 33 million square feet industrial land Tecom 33 million...

TAQA GS Inima Acquisition: A $1.2B Powerful Move

The TAQA GS Inima acquisition The TAQA GS Inima acquisition...

UAE Investment Sparks a Nuclear Shift

Modular nuclear reactors for data centers Modular nuclear reactors for...

The Rise of UAE AI Ambitions and the Economic Growth Era

UAE AI Ambitions Ignite a New Era of Economic...
spot_img

Related Articles

Popular Categories

spot_imgspot_img