UAE motorists to pay more at the pump in June

UAE motorists will see a bigger hit on their wallets during Ramadan as the price of petrol is set to increase for a third straight month on the heels of a slight rebound in oil prices.

The prices across the board rose nearly 5 per cent, while diesel saw the biggest hike at 10 per cent.

Starting Wednesday, Super will cost Dh1.86 a litre compared with Dh1.78 in May, Special will be Dh1.75 from Dh1.67, E Plus Dh1.68 from Dh1.60 and diesel is set to rise to Dh1.77 from Dh1.60.

The increase corresponds to the slight rebound in the price of Brent crude, the global benchmark, which rose briefly past US$50 a barrel last week – the highest it has reached this year. In fact, the monthly average of oil price has increased nearly 40 per cent since January.

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