ALBAWABA - UAE Fuel Price Committee announced petrol prices for January 2025. Prices are similar to December 2024 with no remarkable changes. The new prices will apply tomorrow, 1st of January 2025.
Petrol Prices for January 2025 in UAE
Super 98 petrol will cost Dh2.61 per liter, compared to Dh2.61 in December. While Special 95 Petrol will cost Dh2.50 per liter, compared to Dh2.50 last month. E-Plus 91 Petrol will be charged for Dh2.43, compared to Dh2.43 a liter in December.
Furthermore, diesel will be charged for Dh2.68 compared to Dh2.68 in December.
It is worth noting that December 2024 and January 2025 marks the months with the lowest petrol prices of the year.
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.
Notably, Brent crude oil price is approximately priced at $74.48 per barrel today, compared to $71.98 per barrel in December, 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 January 2025.
Gold prices in the UAE
Gold prices are experiencing a slight decrease globally.
Ounce of gold recorded Dh9,636.51 today compared to Dh9,727.32 at the beginning of December, while 24 Carat is priced at 315.50 compared to Dh321.50 per gram last month.
22 carat of gold is priced at Dh292.25 compared to Dh297.75 per gram in December, while 21 carat is priced at Dh283.00 per gram, while it was priced at Dh288.25 last month. Finally, 18 gold carat is priced at Dh242.50 per gram, compared to Dh247.00 per gram in December 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.
