The UAE fuel price committee on April 30 announced petrol and diesel prices for the month of May 2023.
Starting May 1, Super 98 petrol will cost AED 3.16 a litre, compared to AED 3.01 in April.
Special 95 petrol will cost AED 3.05 per litre, compared to Dh2.90 last month.
The UAE’s economic outlook remains strong, with growth expected to reach 3.9 per cent by the end of this year. Inflation in the UAE is also projected to drop to 3.2 percent by the end of this year, down from 4.8 percent last year, led by stabilising prices and the receding effects of imported inflation globally, while locally, rents and wages are expected to contribute to this trend.
