As of September 2024, the diesel price in UAE stands at AED 2.78 per litre, alongside other fuel types such as Super 98 priced at AED 2.90 and EPlus 91 at AED 2.71. These rates have been set for the entire month, starting on September 1, 2024, and will remain the same until the month ends. Historically, fuel prices in the UAE, including diesel, have seen monthly adjustments, and a new rate is expected to be announced in October 2024.
Today’s Diesel Prices in UAE
Here’s a breakdown of the current fuel prices in the UAE:
| Fuel Type | Retail Price (AED/Litre) |
|---|---|
| Diesel | 2.78 AED/Litre |
| Unleaded Gasoline 98 | 2.90 AED/Litre |
| Unleaded Gasoline 95 | 2.78 AED/Litre |
The new diesel price for October will be announced on September 30, 2024.
Recent Diesel Price Trends
In August 2024, diesel prices saw a slight increase of AED 0.06, pushing the cost higher for consumers. However, in September 2024, the price of diesel decreased by AED 0.15. The pattern of fluctuation continues, and after last month’s increase in petrol prices, both petrol and diesel prices have experienced a drop in September.
Last Six Months: A Review of Petrol and Diesel Prices in UAE
To give you a better perspective, here’s a summary of the diesel and petrol prices over the last six months:
| Month | EPlus 91 (AED/Litre) | Special 95 (AED/Litre) | Super 98 (AED/Litre) | Diesel (AED/Litre) |
|---|---|---|---|---|
| September 2024 | 2.71 | 2.78 | 2.90 | 2.78 |
| August 2024 | 2.86 | 2.92 | 3.04 | 2.93 |
| July 2024 | 2.78 | 2.86 | 2.98 | 2.86 |
| June 2024 | 2.92 | 3.01 | 3.12 | 2.86 |
| May 2024 | 3.11 | 3.22 | 3.32 | 3.05 |
| April 2024 | 2.95 | 3.02 | 3.12 | 3.08 |
Impact on Fuel Costs for UAE Consumers
The rise in diesel prices means a significant increase in per-kilometer running costs for UAE consumers. Depending on the size of your fuel tank, you could be spending between AED 6 and AED 18 more for a full diesel refill compared to previous months.
How Are Diesel Prices in UAE Decided?
Diesel Prices in UAE Before 2015
Before 2015, the UAE government heavily subsidized diesel prices, protecting them from global fluctuations and ensuring stable rates for consumers.
Changes in Diesel Pricing from 2015
However, in September 2015, the government moderated the subsidies, aligning diesel prices with global oil rates. Since then, the diesel price in UAE has been adjusted on a monthly basis, depending on global market conditions, as determined by the diesel price committee.
Upcoming Diesel Price Changes in 2024
Looking ahead, the new diesel rates for October 2024 are expected to be announced at the end of September. While there were slight increases in June and July, there is optimism that prices could stabilize or decrease in the upcoming months.
Diesel Price Peaks and Trends Over the Years
In July 2022, UAE diesel prices reached an all-time high, with Super 98 costing AED 4.65 per litre. Diesel prices have fluctuated since then, with a peak in October 2023, followed by steady decreases in the following months.
Monitoring Diesel Prices and Their Impact
At AL Faraji, we continuously monitor diesel prices and other relevant information to keep UAE’s trucking and transportation industries informed. When new fuel prices are announced, you’ll be able to find them on our website, along with the latest petrol prices and historical data for comparison purposes.
Factors Affecting the UAE Transportation Industry
Price fluctuations in the UAE transportation industry are influenced by multiple factors, with line haul rates—costs incurred by cargo owners—and fuel surcharges being the most prominent. These surcharges help cover the cost of fuel that transport companies use and vary based on diesel price fluctuations.
Why Do Diesel Prices Fluctuate?
Several factors contribute to diesel price fluctuations, including:
- OPEC Control: The Organization of the Petroleum Exporting Countries (OPEC) controls over 80% of the world’s oil supply, setting prices that benefit its member countries.
- Global Supply and Demand: Shifts in global supply and demand often lead to price adjustments worldwide.
- Natural Disasters: Events like hurricanes or earthquakes that affect the oil supply chain can cause price spikes.
- Local Taxes and Interest Rates: Differences in local tax rates and inflation also influence fuel prices.
- UAE Stability: Since the UAE produces enough oil to meet domestic demand, its prices remain relatively stable. However, the transition to electric vehicles is pushing for greater public awareness of fuel alternatives.
The Role of Diesel Prices in Logistics
Diesel prices in the UAE play a significant role in the logistics market. Fuel surcharges and additional fees, such as those for loading or layovers, are often affected by month-to-month price changes.
Why Choose Al Faraji: Best Diesel Supplier in Dubai
When it comes to diesel supply in Dubai, Al Faraji is a leading name. Known for its commitment to offering competitive prices. Even in a volatile market, the company constantly monitors fuel price trends to keep costs fair for its customers. Despite fluctuations in global diesel prices, Al Faraji has maintained a steady supply, making it a reliable source for diesel in Dubai’s transportation sector.
