On Sunday, June 30, the UAE disclosed the retail fuel prices for July 2024. The Ministry of Energy sets these prices monthly, based on the average global oil price, adjusted for distribution company operating costs. The Fuel Prices Monitoring Committee reduced the rates by up to 15 fils per litre compared to June's prices. These new rates, effective from July 1, mean a full tank of petrol will cost between Dh 7.14 and Dh 11.11 less than in the previous month. Here's a detailed cost breakdown for fully fueling different types of vehicles:
Compact cars: Average fuel tank capacity - 51 litres
Sedan: Average fuel tank capacity - 62 litres
SUV: Average fuel tank capacity - 74 litres
