December’s Fuel Rates Hit Record Low
The UAE’s Ministry of Energy has announced the fuel prices for December 2024, slashing rates to their lowest levels this year. Starting December 1, residents can enjoy reduced costs across all fuel categories, saving between Dh6.12 and Dh9.62 per full tank depending on their vehicle type. These prices reflect a global trend of declining oil prices, which influence the UAE’s monthly rates after accounting for distribution costs.
This drop comes as a welcome relief for businesses and residents alike. With a 13% revenue increase reported by Dubai Taxi Company this year—highlighting significant growth in the transportation sector—lower fuel prices are expected to further boost local business operations.
Breakdown of Fuel Prices for December 2024
The following table shows the December fuel rates compared to November’s:
| Category | Price per Litre (Dec) | Price per Litre (Nov) | Difference |
| Super 98 | Dh2.61 | Dh2.74 | -Dh0.13 |
| Special 95 | Dh2.50 | Dh2.63 | -Dh0.13 |
| E-plus 91 | Dh2.43 | Dh2.55 | -Dh0.12 |
Full Tank Costs by Vehicle Type
Here’s how much it costs to fuel up this month:
- Compact Cars (51L Tank)
- Super 98: Dh133.11 (Saved Dh6.63)
- Special 95: Dh127.50 (Saved Dh6.63)
- E-plus 91: Dh123.93 (Saved Dh6.12)
- Sedans (62L Tank)
- Super 98: Dh161.82 (Saved Dh8.06)
- Special 95: Dh155.00 (Saved Dh8.06)
- E-plus 91: Dh150.66 (Saved Dh7.44)
- SUVs (74L Tank)
- Super 98: Dh193.14 (Saved Dh9.62)
- Special 95: Dh185.00 (Saved Dh9.62)
- E-plus 91: Dh179.82 (Saved Dh8.88)
Experts Weigh In on the Price Drop
Industry experts view the consistent decline in UAE fuel prices as an opportunity for economic stimulation. According to a Dubai-based business consultant, the reduced rates allow for cost savings in transportation, logistics, and other fuel-reliant sectors, giving businesses more room to allocate resources efficiently.
“December’s rates signal a continued alignment with global market trends, offering both individual consumers and businesses financial relief,” the expert remarked. Additionally, the introduction of competitive pricing over the past months has bolstered consumer confidence and increased spending power.
Historical Trends in 2024 Fuel Prices
The last significant drop in UAE fuel prices occurred in October 2024, with reductions across all categories. December now claims the title for lowest fuel rates in UAE this year, as seen in the monthly trend:
| Month | Super 98 | Special 95 | E-plus 91 |
| January | Dh2.82 | Dh2.71 | Dh2.64 |
| October | Dh2.66 | Dh2.54 | Dh2.47 |
| November | Dh2.74 | Dh2.63 | Dh2.55 |
| December | Dh2.61 | Dh2.50 | Dh2.43 |
Practical Tips for Residents
If you’re looking to save further on fuel, consider these tips:
- Carpooling: Share rides with colleagues or friends to reduce fuel expenses.
- Fuel Efficient Cars: Opt for vehicles with lower fuel consumption.
- Plan Smart Trips: Combine errands to minimize unnecessary trips.
As fuel prices drop to the lowest in 2024, December brings a breath of relief for residents and businesses across the UAE. Whether you’re filling up a compact car, sedan, or SUV, the reduced rates offer tangible savings. For entrepreneurs and businesses aiming to optimize operations amidst these economic changes, contacting business consultants in Dubai expert can help strategize fuel savings and maximize growth opportunities.
Author Bio:
Kasim Al-Amin is a seasoned journalist with over eight years of experience covering economic trends and transportation news in the UAE.
