UAE Announces March 2024 Fuel Prices: Cost Estimates for Full Tanks Revealed

The UAE has unveiled the retail fuel prices for March 2024, with notable increases compared to February rates. The adjustment, determined by the Ministry of Energy, reflects changes in the global oil market and operating costs of distribution companies. This announcement comes as drivers brace for adjustments at the pump, impacting their monthly expenses.

The Fuel Prices Monitoring Committee has implemented price hikes ranging from 15 to 16 fils per litre for gasoline and diesel. Effective March 1, motorists will encounter the following rates:

• Super 98 petrol: Dh3.03 per litre (up by 15 fils)
• Special 95 petrol: Dh2.92 per litre (up by 16 fils)
• E-plus 91 petrol: Dh2.85 per litre (up by 16 fils)

This adjustment means that filling up a full tank in March will incur additional costs compared to the previous month. Depending on the vehicle type and its fuel tank capacity, drivers can expect to pay between Dh7.65 and Dh11.84 more.

For compact cars with an average fuel tank capacity of 51 litres, the estimated full tank costs for March are as follows:

• Super 98 petrol: Dh154.53
• Special 95 petrol: Dh148.92
• E-plus 91 petrol: Dh145.35

Owners of sedans, with an average fuel tank capacity of 62 litres, will face slightly higher expenses:

• Super 98 petrol: Dh187.86
• Special 95 petrol: Dh181.04
• E-plus 91 petrol: Dh176.70

For SUV drivers, whose vehicles typically have a larger fuel tank capacity averaging 74 litres, the projected full tank costs for March are as follows:

• Super 98 petrol: Dh224.22
• Special 95 petrol: Dh216.08
• E-plus 91 petrol: Dh210.90

These adjustments in fuel prices underscore the dynamic nature of the global oil market and its impact on consumer spending. Drivers are advised to stay informed about changes in fuel prices to better manage their budgets.

The Ministry of Energy’s commitment to transparent pricing and regular updates ensures that consumers are aware of fluctuations in fuel costs.