โWhy In UAE DUBAI ๐ฆ๐ช Fuel Prices DROP ๐ง In September ( Fact & Reality Behind The Scean ) What Next ?
0#fuleprice #uaepetrol #dubailife #dubaiblogger #uaelife
UNITED ARA
E N BUSINESS
UNITED ARAB EM
UAE petrol and diesel prices drop in
September
Motorists across the Emirates are set to pay less at the
pumps after significant increases in recent months
M
An Adnoc petrol station in central Abu Dhabi. Petrol prices for
September 2022 have been announced. Victor Besa/ The National
lan Oxborrow
Aug 31, 2022
Petrol prices across the UAE will fall in
September, it has been announced.
Prices have risen sharply this year on the
back of sustained high global oil prices, but
fell by 13 per cent in August.
Oil prices continued to fall on Thursday, with
U.S. oil futures dropping below $90 a barrel
for the first time since the war in Ukraine gy
began, as concerns about a slowing global
economy worried investors.
Just two months ago, oil prices surpassed
$120 a barrel, helping to push the national
average price of gasoline to about $5 agallon.
But prices have steadily decreased with
increased oil production, easing demand and
broader recession fears.
"The biggest driver of this dip is really the
fact that investors are turning their attention
to the possibility ofa recession and how that
could impact demand," said Faisal A. Hersi, an
energy analyst at Edward Jones.
West Texas Intermediate oil, the U.S.
benchmark, fell on Thursday to below S89 a
barrel, a 29 percent drop from its peak in
March of about $124 a barrel. Brent crude, the
international benchmark, dropped to about
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oil prices drop by $5 to lowest
since before Russia invaded
Ukraine-as it happened
Live coverage of business, economics and
markets as Chinese economy shows signs of
slowdown and Institute for Fiscal Studies warns
on maintaining similar level of energy bills
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Jasper Jolly
@jjpjolly
Mon 15 Aug 2022 10.22 EDT
O
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