Tuesday 15 October 2019 (UAE)

Petrol price in Dubai

Petrol price in Dubai UAE in 2019

Fuel and petrol price in Abu Dhabi, Dubai, UAE from August 2015 is about AED 2.14 (AED 9.33 or US$2.54 per gallon), increased from AED 1.72 per liter in July 2015 (AED 7.50 or US$2 per gallon).

Prices for 95-octane gasoline, or "Special" as it's called at the pump.

Date Price per liter Price per gallon Comments
  AED US$ AED US$  
01 Aug 2015 2.14 0.58 9.33 2.54 Fuel subsidies removed, 20% increase
31 Jul 2015 1.72 0.47 7.50 2.04  
Sep 2010 1.92 0.52 7.22 1.97 Expected increase, not confirmed¹
21 Apr 2010 1.72 0.47      
20 Apr 2010 1.37 0.37      
  1. Media reports in August 2010 said an increase was expected at after Eid Al Fitr at the end of Ramadan in the UAE.

Fuel prices per liter

Date Price per liter (AED) Comments
  E-Plus 91 Special 95 Super 98 Diesel Diesel Jet Kerosene Fuel Oil  
        AUH Other Kerosene      
01 Sep 2015                 28 Aug 2015
01 Aug 2015 2.07 2.14 2.25 2.05 2.05       No more subsidies
                   
                   
31 Jul 2015 1.61 1.72 1.83   2.90        
2014 R 1.61 1.72 1.83 2.35 3.42   3.25   R = Retail prices
2014 W       2.35 3.06 2.76 3.18 2.21 W = Wholesale
2013 R 1.61 1.72 1.83 2.35 3.37   3.25    
2013 W       2.35 3.04 2.91 3.18 2.21  
2012 R 1.61 1.72 1.83 2.35 3.45   3.25    
2012 W 1.61 1.72 1.83 2.30 3.05 2.99 3.18 2.21  
2011 R 1.61 1.72 1.83 2.52 2.52   3.17   R = Retail prices
2011 W 1.61 1.72 1.83 2.50 2.50 2.99 3.05 2.21 W = Wholesale
Sep 2010   1.92             Not increased¹
21 Apr 2010   1.72              
20 Apr 2010   1.37              

Removal of fuel subsidies in the UAE - July 2015

Petrol price comparison between UAE, GCC, and other countries on 22 Jul 2015.

22 Jul 2015        
GCC AED $US Local Comments
UAE 1.72 0.47 AED 1.72  
UAE 01 Aug 2015 2.14 0.58 AED 2.14 Subsidy removed
Bahrain 1.00 0.27    
Kuwait 0.77 0.21    
Oman 1.14 0.31    
Qatar 0.95 0.26    
Saudi Arabia 0.59 0.16    
         
International AED $US Local  
Australia   1.00    
Brazil   1.00    
Canada   1.05    
China 4.10 1.10    
Egypt   0.78    
France   1.60    
Germany   1.60    
India 3.90 1.10    
Iran   0.33    
Japan   1.10    
Libya 0.51 0.14    
Mexico   0.90    
Nigeria1   0.47   See note about subsidy
Pakistan   0.75    
Philippines   1.00    
Russia   0.62    
Singapore   1.60    
Turkmenistan3   free*   *120 l/mth
Turkmenistan3   0.34    
Venuzuela2 0.06 0.015   Or $0.02, $0.03 ...
UK 6.65 1.83    
USA 2.90 0.79    
  1. Nigeria - fuel subsidies removed 01 Jan 2012, resulting in petrol price doubling from about $0.45 to $0.95, but after nationwide protests and strikes, a new subsidy was announced on 16 Jan 2012.
  2. [Check exact price] Venezuela - petrol price is heavily subsidised, however talk of lifting the subsidy began in late 2014. Price equivalents in $ based on black market exchange rate for Bolivars? Actual petrol price fixed at 0.07 Bolivars ... or 6 Bolivars inflation adjusted? Equivalent to US$0.06-$0.07 at black market rate, or US$0.90 at official rate? Price rise in 1989 resulted in "Caracazo" riots. Another price rise in 1997.
    • "Gasoline is so heavily subsidized in Venezuela that one US cent buys about five gallons ...", 18 Feb 2015, MercoPress, http://en.mercopress.com/2015/02/18/venezuela-ready-to-address-fuel-prices-piece-of-candy-cannot-cost-more-than-a-liter-of-gasoline
    • "Befitting Venezuela’s position as holder of the world’s biggest oil reserves, Chavez set the price of gasoline at the official equivalent of 5 U.S. cents per gallon. Using the more realistic black market exchange rate, a gallon of gas in Venezuela costs less than one penny.", 20 Feb 2014, Forbes, http://www.forbes.com/sites/christopherhelman/2014/02/20/cheap-gasoline-why-venezuela-is-doomed-to-collapse/
    • "The CHART OF THE DAY shows it now costs about 0.2 U.S. cent (that’s right; one-fifth of a penny) to buy a gallon of gasoline in Venezuela, based on black-market currency rates. Expressed another way, you can get 482 gallons with just one dollar.", 26 Jan 2015, Bloomberg, http://www.bloomberg.com/news/articles/2015-01-25/where-to-buy-gasoline-for-0-002-a-gallon-seriously.
    • "At a state-run petrol station in central Caracas, drivers hand over six Bolivars – 60p at the official rate, about 5p at the black market rate – for a tank of subsidised petrol.", 04 Feb 2014, The Telegraph, http://www.telegraph.co.uk/news/10617632/Venezuelans-fume-as-government-signals-end-to-free-petrol.html. [Check, some conflicting or confusing information - petrol price 0.07 or 6 Bolivars per liter, dates conflict riots in 1989 ("Caracazo") or 2000 over petrol prices]
  3. [Check if still valid in 2015] Turkmenistan has free petrol up to 120 liters per month, after that it's about $0.34 ($0.19 in 2011) per liter, still one of the cheapest countries for petrol.
Petrol price reduction in UAE - February 2012
High temperatures and fuel tank explosion risk in Dubai, UAE - May-June 2012
Petrol shortages in Dubai - April 2011
Petrol shortages in UAE - September 2010
Petrol price increase UAE September 2010
Petrol price increases in UAE during 2010

Petrol prices in the UAE are higher than many expect because although oil can be taken out of the ground relatively cheaply in the UAE, it is not all refined locally into petrol. Abu Dhabi has a couple of refining facilities but Dubai has none.

References

Last update Wednesday 05-Aug-2015. Page development 1H 2T 3D 4L 5C.
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