The Ministry of Energy announced that the Fuel prices in UAE are reduced from august. The new per litre petrol prices are Super 98-Dh1.73, down from Dh1.88 in July; Special 95-Dh1.62, down from Dh1.77; and E Plus-91-Dh1.55, down from Dh1.70. The diesel Price is also reduced from Dh1.85 per litre to Dh1.76. That is good news for Arab citizens but the fuel prices are becoming cheaper in other countries. From less than 30$ per barrel in January, now prices moved to 50$ per barrel in the last month. It is good for Middle East Citizens but not for other countries?
Source News: http://gulfnews.com/news/uae/transport/uae-fuel-prices-down-for-august-1.1869806