UAE hikes fuel prices for August

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DUBAI: The Ministry of Energy and Industry has hiked fuel prices for August. The prices include VAT. The per-litre prices are Super 98 at Dh2.37, up from Dh2.30 last month and Special 95 at Dh2.26, a hike from Dh2.18 in July. Diesel price has been fixed at Dh2.42, an increase from Dh2.35 in July. Oil rose as expectations that the Federal Reserve will cut interest rates and the resumption of trade talks between the US and China shored up the outlook for fuel demand.

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