The UAE will reduce domestic prices for gasoline in March while raising them for diesel, the ministry of energy said on Sunday.
The price of a litre of octane 95 gasoline will fall to 1.36 dirhams (37 US cents) from 1.47 dirhams at the start of next month, the ministry said via Twitter. It cited lower demand for gasoline at this time of the year as well as movements in international gasoline prices and higher supply.
The drop in petrol price follows on a decrease announced in last month.
The domestic diesel price, which dropped 15% last month, will rise to 1.40 dirhams from 1.37 dirhams.
