Increase in fuel prices in UAE for April

The Ministry of Energy announced new fuel prices for the month of April. Motorists will have to pay more at the petrol stations when as compared to March as fuel prices have been increased.

The new fuel rates per litre are Super 98 Dh1.62 up from Dh1.47 in March, Special 95 Dh1.51 up from Dh1.36, E Plus-91-Dh1.44, increased from Dh1.29. Diesel will be cost Dh1.56 per litre, up from Dh1.40 per liter in March.

The fuel prices, which are connected to worldwide oil prices, have been recovering for the past two months as oil producing nations get ready for the crucial Doha conference on April 17, which is aimed at reaching an agreement in between Opec (Organisation of the Petroleum Exporting Countries) and non-Opec members to freeze production at January levels.

The United Arab Emirates and a variety of other oil exporting nations have actually confirmed their involvement at the conference.

The meeting was required due to tape drop in oil prices from more than $110 per barrel in June 2014 to less than $30 per barrel in January this year.

Oil costs have recuperated ever since. The international standard, brent was trading at a slightly more than $40 per barrel on Monday.