As the month of October approaches, residents of the United Arab Emirates (UAE) are eagerly awaiting the announcement of the new petrol prices.
Many hoping for a decrease in fuel costs after three consecutive months of steady increases during the peak summer period of July, August, and September.
Last year around this time, fuel prices were nearly identical to the current rates, and the temperatures in the UAE were gradually starting to fall.
This year, the hope is that petrol prices will follow a similar trend and start to drop or at least fluctuate.
In the previous month, retail rates for Super 98, Special 95, and E-Plus 91 all experienced an increase, rising by as much as 28 fils per litre compared to the preceding month. The prices for these fuels were set at Dhs3.42, Dhs3.31, and Dhs3.23 respectively. Diesel prices also saw a significant jump, increasing by 45 fils to Dhs3.40.
The UAE Fuel Price Committee is expected to release accurate information and precise figures on the upcoming fuel prices after the weekend. This practice has been in place since the deregulation of oil prices in 2015.
UAE residents are keeping their fingers crossed, hoping for a reprieve from the recent trend of rising fuel costs. Despite the uncertainty, the sentiment among many remains optimistic, with the belief that lower fuel prices could be on the horizon.