Motorists can honk their horns in jubilation for the New Year after the announcement that fuel prices will continue to be reduced in January.
The Ministry of Energy said today that the price will be set at AED 1.61 per litre for diesel fuel, while gasoline products such as Super (98 octane) will be at AED 1.69, AED 1.58 for Special (95 octane), and AED 1.51 for E Plus (91 octane).
It is projected that global oil prices will continue to dip in the coming months due to over supply and weak demand.