UAE: Petrol, diesel prices for June 2022 announced.From June 1, Super 98 petrol will cost Dh4.15 a litre.
04 June 2022, 12:00 AM
30 June 2022, 12:00 AM
Starting June 1, Super 98 petrol will cost Dh4.15 a litre, compared to Dh3.66 in May.
Special 95 petrol will cost Dh4.03 per litre, compared to Dh3.55 in May.
E-Plus 91 petrol will cost Dh3.96 a litre, compared to Dh3.48 a litre last month, while diesel will be charged at Dh4.14 a litre compared to Dh4.08 in May.
Meanwhile, Traders explained that transportation cost for suppliers increase when fuel prices are hiked in any country.
Dr Dhananjay Datar, chairman and managing director of Al Adil Trading, said: “Retailers in UAE try to absorb the price hikes because there is strong competition in the market and they can’t afford to lose customers. So when freight rates go up after petrol price increase, retailers look at alternatives to reduce their costs rather than increasing the prices. In addition, retailers also reduce their margins instead of increasing the prices to stay competitive."
“In the food and beverage sector, prices of daily consumables such as fresh milk, bread, yoghurt and other such items could go up because their transportation requires refrigerated trucks - requiring more fuel consumption,” a Dubai-based food trader explained on condition of anonymity.