Recently, a rate of fuel for December 2018 in UAE declared by Ministry of Energy and Industry and the price includes VAT. The per liter prices are Super 98 at Dh2.25 (down fro, Dh 2.57 in November), E-plus 91 at Dh2.05 (was Dh2.38 in November) and Special 95 Dh2.15 (down from Dh2.46 in November). Diesel price has been fixed at Dh2.61 (down from Dh2.87 per liter in November).
On November 4 many market fluctuations can be attributed to the U.S sanctions on countries importing oil from Iran Which came into which effect. However, as per the Nasdaq Brent, crude prices are around the US $59.50. The oil market factors are expected to stabilize once key stakeholders in the market make decisions at the G20 summit this week.