Top Menu

  • Home
  • Write For Us
  • Live Rates

Main Menu

  • Money Exchange
  • Career Advice
  • Home Decor
  • Global News
  • Business
  • Trading
  • Technology
  • Media
  • Home
  • Write For Us
  • Live Rates

logo

Header Banner

  • Money Exchange
  • Career Advice
  • Home Decor
  • Global News
  • Business
  • Trading
  • Technology
  • Media
  • UAE-India flights: Full list of Covid Tests, Lounge Cost at Airports

  • Covid-19 UAE: 10-Day Quarantine Mandatory in Dubai for Close Contacts

  • FinTech Abu Dhabi Festival 2020 kicks off today

  • UAE allows 100% ownership of businesses for foreign nationals starting from December 1, 2020

  • Two men caught leaving London for Dubai with cash-filled suitcases

UAE News
Home›UAE News›UAE Hikes Petrol, Diesel Prices for March 2021

UAE Hikes Petrol, Diesel Prices for March 2021

By Money Exchange News
February 28, 2021
363
0
Share:
UAE Hikes Petrol, Diesel Prices For March 2021

The prices have been increased in line with the rise in global oil prices.

The UAE fuel price committee on Sunday announced the revised fuel prices for March 2021, which have been increased in line with the rise in global oil prices.

In March, Super 98 petrol will cost Dh2.12 per litre, versus Dh1.91 in February; while Special 95 will cost Dh2.01 per litre, versus Dh1.80 in February. Diesel will cost Dh2.15 a litre in March, versus Dh2.01 in February.

Experts have noted that oil prices are currently trading above pre-pandemic levels, but demand is still below its pre-pandemic levels.

In its most recent prediction, Bank of America said that oil prices are set to rise by the fastest rate since the 1970s over the next three years. The average price of Brent over the next five years, however, will be between $50 and $70 per barrel, according to the bank. The bank also said that Opec+ might decide to reverse its production cuts now that Brent is trending above $60, but added that a slow return of US shale to international markets might lead to an extension of the production cut agreement to make sure prices stay higher.

Traders are trimming long positions on concerns that the upcoming Opec+ meeting will result in more supply returning to the market.

“The originally planned [easing of cuts] would mean an increase in supply of 2.25 million bpd versus March levels,” HSBC said in a recent note.

US crude oil prices also face pressure from the loss of refinery demand after several facilities were hit by the winter storm last week. Refining capacity of about 4 million barrels per day is still shut and it could take until March 5 for all shut capacity to resume, though there is risk of delays, analysts at J.P. Morgan observed.

Tagsadnoc petrol pricepetrol price in dubai today livepetrol price in uae 2021petrol price in uae feb 2021petrol price in uae for march 2021UAE hikes diesel pricesUAE hikes petrol diesel pricesUAE hikes petrol pricesuae petrol price chart 2021uae petrol price in indian rupeesuae petrol price june 2021
Previous Article

UAE Covid -19 Rules: Dubai Pubs, Bars ...

Next Article

Why Employers do Background Checks Before Hiring

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Money Exchange News

Money Exchange News Website is a fantastic platform for all our readers as we provide them with an ample of valuable information over a plethora of worldwide topics. It is a real honour for us to publish important news and current updates over matters like Business, Travel, Career Advice, Trading, Investment, Visa Rules, Health Tips and much more.

Related articles More from author

  • combating money laundering and terrorism financing
    BusinessMoney Exchange NewsUAE News

    New smart system ‘Fawri Tick ’ to combat illegal financing

    September 8, 2020
    By Money Exchange News
  • UAE’s Wages Protection System (WPS)
    BusinessUAE News

    A Detailed Guide to UAE’s Wages Protection System (WPS)

    December 3, 2020
    By Money Exchange News
  • central bank of uae news
    MediaUAE News

    Central Bank of the UAE fines Two Exchange houses Dh1.45m for lax compliance

    October 27, 2020
    By Money Exchange News
  • central bank of uae contact number,
    BusinessCoronavirusUAE News

    UAE Central Bank Unveils More Measures To Shore Up Banks

    January 6, 2021
    By Money Exchange News
  • work permit dubai
    UAE NewsUAE Visa Rules

    UAE: How you can Renew your Residence Permit Online

    December 19, 2020
    By Money Exchange News
  • FERG, FERG UAE, FERG Latest Reports, FERG Members, FERG Listed Money Exchanges, FERG Listed Banking Institutions,
    FERG UAEUAE News

    FERG Reports growth in Remittances by Women in the UAE

    March 8, 2021
    By Money Exchange News

Leave a reply Cancel reply

You may interested

  • Top Exchange Houses in Middle East
    MediaMoney Exchange News

    GCC Exchange Gets Listed Among Top Exchange Houses In The Middle East

  • benefits of credit card
    Business

    Top 4 Benefits that a Credit Card Offers to You

  • BusinessInvestment

    6 Smart Tips for A Successful Crowdfunding Campaign

Recent Posts

  • What Qualities to Look for in a Marketing Adviser
  • Dubai Mercantile Exchange launches New Oil Trading Platform
  • UAE Names New Central Bank Governor
  • Marketplace vs Your Own E-Commerce Website: What Is Best for Business
  • GCC Exchange Wins The Title of Best Money Transfer & Foreign Exchange Brand – Middle East -2020

About us

Money Exchange News Website is a fantastic platform for all our readers as we provide them with an ample of valuable information over a plethora of worldwide topics. It is a real honour for us to publish important news and current updates over matters like Business, Travel, Career Advice, Trading, Investment, Visa Rules, Health Tips and much more...
Fully Managed WordPress Hosting on SSD Drive
  • Recent

  • Popular

  • Comments

  • What Qualities to Look for in a Marketing Adviser

    What Qualities to Look for in a Marketing Adviser

    By Money Exchange News
    April 13, 2021
  • Dubai Mercantile Exchange launches New Oil Trading Platform

    Dubai Mercantile Exchange launches New Oil Trading Platform

    By Money Exchange News
    April 13, 2021
  • What Qualities to Look for in a Marketing Adviser

    What Qualities to Look for in a Marketing Adviser

    By Money Exchange News
    April 13, 2021
  • Lights hath may cattle first had blessed god bearing bearing

    By Money Exchange News
    July 16, 2015
  • Home
  • Write For Us
  • Live Rates
© Copyright General News Blog. All rights reserved.