Energy UAE fuel prices rise nearly 10% in November 2022 By Pramod Kumar November 1, 2022, 7:13 AM Emarat Fuel prices across the UAE were deregulated from August 2015 Fuel prices have increased in the UAE this month (November 2022), state-owned Emirates General Petroleum (Emarat) said in a tweet. Prices of Super 98 rose 9.6 percent to AED3.32 ($0.90) from AED3.03 in October. Special 95 jumped 9.6 percent to AED3.20 from AED2.92, while E-plus 91 increased nearly 10 percent to AED3.13 from AED2.85 in October. Diesel prices edged up 6.6 percent to AED4.01 from AED3.76 last month. Fuel prices across the UAE were deregulated from August 2015, as the government adopted a new policy linked to global prices, according to U.ae, the official portal of the UAE government. The Ministry of Energy and Infrastructure and the Ministry of Finance act as the government’s representatives in a committee set up to review fuel prices every month. In its annual outlook released on Monday, OPEC raised its forecasts for world oil demand in the medium and longer term, adding that $12.1 trillion of investment is needed to meet this demand despite the energy transition. The oil group said world oil demand will reach 103 million barrels per day (bpd) in 2023, up 2.7 million bpd from 2022. The 2023 total demand is up 1.4 million bpd from last year’s prediction, the report said. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
