Traders largely saw oil prices drop this month, but new US developments made them volatile
Since the country deregulated fuel prices in 2015, monthly adjustments have followed global oil trends.
Dubai: The UAE will announce November fuel prices today and motorists are hoping for relief after October’s increase.
Falling global oil prices and easing geopolitical tensions could pave the way for a drop in pump prices — though much depends on how global markets move in the coming days.
October rise
In October, UAE residents saw prices edge up by 7-8 fils for petrol: Super 98 petrol rose to Dh2.77 a litre, Special 95 to Dh2.66, E-Plus 91 to Dh2.58, while diesel inched up to Dh2.71 (from Dh2.66 in September).
Since the country deregulated fuel prices in 2015, monthly adjustments have followed global oil trends — rising when crude costs more and easing when it falls.