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Commodities

UAE Fuel Prices Soar as Middle East Tensions Drive Oil Price Surge

Guavy AI Editorial Team
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Oil
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The UAE has announced higher fuel prices for August, reflecting the recent surge in global crude oil prices driven by renewed geopolitical tensions in the Middle East.

The revised fuel prices took effect as international oil markets reacted to the escalation of the conflict between the US and Iran, as well as growing concerns over shipping security in the Red Sea.

Super 98 petrol will rise by 5.88% to 3.60 dirhams per litre, while Special 95 petrol will increase by 6.08% to 3.49 dirhams per litre, and E-Plus 91 will climb 6.23% to 3.41 dirhams per litre.

Diesel will become 5.56% more expensive, increasing from 3.60 dirhams to 3.80 dirhams per litre.

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