ALBAWABA - UAE Fuel Price Committee announced petrol prices for December 2024 with a slight decrease on total prices. The new prices will apply tomorrow, 1st of December 2024.
Petrol Prices for December 2024 in UAE
Super 98 petrol will cost Dh2.61 per liter, compared to Dh2.74 in November. While Special 95 Petrol will cost Dh2.50 per liter, compared to Dh2.63 last month. E-Plus 91 Petrol will be charged for Dh2.43, compared to Dh2.55 a liter in November.
Furthermore, diesel is experiencing a decline as the liter will be charged for Dh2.68 compared to Dh2.67 in November.
It is worth noting that December 2024 marks the month with the lowest petrol prices of the year.
It is worth mentioning that Brent crude oil price is approximately prices to $71.98 per barrel today, compared to $72.6 per barrel in October, down from $78.63 in August. (Shutterstock)
Petrol prices are constantly going through hikes and fluctuations due to the decisions of the Organization of Petroleum Exporting Countries (OPEC), global supply and demand, natural incidents, taxes, interest rates, and conflicts in the region.
It is worth mentioning that Brent crude oil price is approximately prices to $71.98 per barrel today, compared to $72.6 per barrel in October, down from $78.63 in August. This major decline was recorded due to the increased supply and Saudi Arabia's plans to boost production.
Prices for petrol and diesel prices are going through a slight drop this month in the UAE and the new prices will apply from tomorrow, the first of December 2024.
Gold prices in the UAE
Gold prices are experiencing a slight decrease globally.
Ounce of gold recorded Dh9,727.32 today compared to Dh10,235.90 at the beginning of November, while 24 Carat is priced at Dh321.50 compared to Dh337.25 per gram last month.
22 carat of gold is priced at Dh297.75 compared to Dh312.25 per gram in November, while 21 carat is priced at Dh288.25 per gram, while it was priced at Dh302.25 last month. Finally, 18 gold carat is priced at Dh247.00 per gram, compared to Dh259.00 per gram in November 2024.
It is worth mentioning that there is a 5% value added tax (VAT) applied to gold in UAE. Gold prices constantly change based on the price of petrol and US dollar globally.
