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This move aims to soften retail edible oil prices for inflation-hit consumers and encourage crude oil imports over refined ones, strengthening domestic refining operations.
The approved fuel prices by the Ministry of Energy are determined every month, according to the average global price of oil after adding the operating costs of distribution companies.
Based on the current fuel prices announcements, Super 98 petrol will cost Dh2.58 a litre, the same as it was in May ...
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The UAE deregulated fuel prices in 2015, aligning them with market fluctuations. Fuel prices in the UAE are tied to movements ...