December’s Fuel Rates Hit Record Low
The UAE’s Ministry of Energy has released the fuel prices for December 2024, reducing rates to their lowest levels this year. From December 1, residents can benefit from lower prices across all fuel categories, with savings ranging from AED 6.12 to AED 9.62 per full tank, depending on the vehicle type. These reductions reflect the global trend of declining oil prices, which the UAE incorporates into its monthly pricing after factoring in distribution costs.
This decrease is a welcome relief for both residents and businesses. Dubai Taxi Company reported a 13% increase in revenue this year, highlighting significant growth in the transportation sector. With lower fuel costs, further economic stimulation is anticipated, benefiting local operations.
Breakdown of Fuel Prices for December 2024
| Category | Price per Litre (Dec) | Price per Litre (Nov) | Difference |
| Super 98 | AED 2.61 | AED 2.74 | -AED 0.13 |
| Special 95 | AED 2.50 | AED 2.63 | -AED 0.13 |
| E-plus 91 | AED 2.43 | AED 2.55 | -AED 0.12 |
Full Tank Costs by Vehicle Type
Here’s what it costs to fuel up this December:
| Vehicle Type | Super 98 | Special 95 | E-plus 91 |
| Compact Cars (51L) | AED 133.11 (Saved AED 6.63) | AED 127.50 (Saved AED 6.63) | AED 123.93 (Saved AED 6.12) |
| Sedans (62L) | AED 161.82 (Saved AED 8.06) | AED 155.00 (Saved AED 8.06) | AED 150.66 (Saved AED 7.44) |
| SUVs (74L) | AED 193.14 (Saved AED 9.62) | AED 185.00 (Saved AED 9.62) | AED 179.82 (Saved AED 8.88) |
Experts Weigh In on the Price Drop
Industry analysts see the ongoing decline in UAE fuel prices as an opportunity to stimulate the economy. A Dubai-based business consultant highlighted that lower fuel costs allow for savings in transportation, logistics, and other fuel-dependent sectors, enabling businesses to allocate resources more effectively.
“December’s rates align with global market trends, offering financial relief to both individual consumers and businesses,” the consultant noted.
Moreover, competitive pricing introduced in recent months has boosted consumer confidence and purchasing power, fostering increased spending across various sectors.
Historical Trends in 2024 Fuel Prices
December now holds the record for the lowest fuel prices in 2024, as shown in the monthly trends:
| Month | Super 98 | Special 95 | E-plus 91 |
| January | AED 2.82 | AED 2.71 | AED 2.64 |
| October | AED 2.66 | AED 2.54 | AED 2.47 |
| November | AED 2.74 | AED 2.63 | AED 2.55 |
| December | AED 2.61 | AED 2.50 | AED 2.43 |
Practical Tips for Residents
Save even more on fuel with these strategies:
- Carpooling: Share rides with friends or colleagues to cut costs.
- Fuel-Efficient Vehicles: Choose cars with lower fuel consumption for long-term savings.
- Smart Trip Planning: Combine multiple errands into a single trip to avoid unnecessary travel.
A Breath of Relief for Residents and Businesses
With December bringing the lowest fuel prices of 2024, UAE residents and businesses alike are set to save. Whether you’re refuelling a compact car, sedan, or SUV, these reduced rates translate to tangible cost reductions. Entrepreneurs and businesses aiming to make the most of these changes can seek guidance from business consultants in Dubai to optimise fuel strategies and maximise growth opportunities.
Author Bio
Kasim Al-Amin is a seasoned journalist with over eight years of experience covering UAE economic trends and transportation news.
