Oil prices in the UAE for the month of February 2023, which were approved by the UAE Fuel Prices Follow-up Committee, which includes the added tax at a rate of 5%, as the Emirates General Petroleum Corporation announced on its official page on Twitter the rise in gasoline prices and diesel prices during the month of February 2023, and here are the prices following the rise came as follows next one.
Oil prices in the UAE for February 2023
- The price of a liter of 98 petrol rose to 3.05 dirhams.
- After it was in the month of January 2.78 dirhams.
- The price of a liter of 95 petrol increased to 2.93 dirhams.
- After it was in the month of January 2.67 dirhams.
- The price of a liter of diesel increased to 3.38 dirhams.
- After it was in January 3.29 dirhams.
- The price of a liter of “E-Plus” gasoline increased to 2.86 dirhams.
- After it was in the month of January 2.59 dirhams.
Since 2015, the UAE has adopted a policy of liberalizing fuel prices, according to international prices, without relying on just one market, while maintaining a simple profit margin for diesel and gasoline distribution companies in order to raise their efficiency and provide good service.
Since the move to liberalize the exchange in both gasoline and diesel prices, gasoline prices are reviewed monthly by the Pricing Commission, which is chaired by the membership of the Ministry of Finance, the Undersecretary of the Ministry of Energy, the CEO of the Emirates Oil Company “ENOC”, and the CEO of the Abu Dhabi Oil Company “ADNOC Distribution”. and the Emirates Petroleum Corporation “Emarat”.
Fuel prices in the UAE witnessed a decrease in January 2023, and this decrease included the prices of all kinds of gasoline and diesel prices, with a value ranging between 0.4 and 0.55 dirhams.
As well as the month of December 2022, when the price of gasoline in the UAE decreased by regarding 2 fils, while the price of a liter of diesel decreased by 27 fils.
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While the prices increased in the month of November in the price of gasoline by 28 fils, while in the price of diesel it reached 25 fils.
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The price of petrol in the UAE was reduced in October by 28 fils per petrol.
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In September, the price of diesel was reduced by 62 fils for petrol, and by 11 fils.
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The price of petrol was reduced by 60 fils, and the price of diesel in August was reduced by 27 fils per liter.
- Diesel was reduced in July by 62 fils per liter.
