UAE announces reduction in petrol & diesel prices for November, despite rising crude prices

November 1, 2026 9:35 AM

UAE announces reduction in petrol & diesel prices for November, despite rising crude prices

The Gasoline and Diesel Prices Follow-up Committee of the UAE has approved a 5.6% reduction in petrol prices and 1.04% reduction in diesel prices for the month of November 2026. The announcement is expected to offer some relief to motorists across the emirates after a sharp increase in fuel prices in October. The surprise reduction in prices comes against the backdrop of continued volatility in international energy markets, with crude oil prices remaining elevated amid geopolitical tensions and...

Petroleum Ministry dismisses fuel price hike reports, calls claims ‘fake’ and misleading

April 23, 2026 3:13 PM

Petroleum Ministry dismisses fuel price hike reports, calls claims ‘fake’ and misleading

The Ministry of Petroleum and Natural Gas (MoPNG) on Thursday dismissed reports claiming a potential hike in petrol and diesel prices after elections, terming such claims as “fake” and misleading. In a post on X, the ministry clarified that there is no proposal under consideration to hike petrol and diesel prices. It cautioned that "such news items are designed to create fear and panic amongst the citizens and are mischievous and misleading." The clarification comes amid rising global crud...