UAE reduces fuel prices for the month of April 2023

Gulf Today, Staff Reporter

The UAE has reduced the fuel prices for the month of April effective from 1st of the month.

The Ministry of Energy and Infrastructure has announced the new prices on Friday morning.

The April’s new price of a litre of Super 98 petrol will be Dhs3.01 per litre in all fuel stations.

The price of a litre of Special 95 petrol will be Dhs2.90.

E-Plus will be available for Dhs2.82

Diesel will be sold at Dhs3.03.

On the other hand, Opec+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows.

Oil has recovered towards $80 a barrel for Brent crude after falling to near $70 on March 20, as fears ease about a global banking crisis and as a halt in exports from Iraq's Kurdistan region curbs supplies.

Opec+, which comprises the Organization of the Petroleum Exporting Countries and allies led by Russia, is due to hold a virtual meeting of its ministerial monitoring panel, which includes Russia and Saudi Arabia, on Monday.

Saudi Arabia's energy minister has said Opec+ will stick to the reduced target until the end of the year.