Eigen RadarEconomics
Analysis

United Arab Emirates diesel rises 13 per cent in September

September prices in the United Arab Emirates put a litre of diesel up 13 per cent at 4.30 dirhams. Fuel prices have tracked refined product markets since deregulation in 2015. The increase is tied to August tension. From 1 September a litre of diesel in Turkey carries 3 lira more special consumption tax and 60 kuruş more value added tax, a combined 3.60 lira. Pump prices, Ekonomim said, were 81.08 lira in Istanbul, 82.20 lira in Ankara and 82.47 lira in Izmir.

Economics & Markets··Evening
At dusk on a Gulf fuel-station forecourt, a black nozzle sits in a dusty white pickup's filler, with a rear-facing attendant and a second waiting vehicle behind.

September diesel is 4.30 dirhams; Turkey's tax is 3.60 lira

September prices in the United Arab Emirates put a litre of diesel up 13 per cent at 4.30 dirhams. From 1 September a litre of diesel in Turkey carries 3 lira more special consumption tax and 60 kuruş more value added tax, a combined 3.60 lira.[1], [2]

The petrol rise is more contained; the mechanism tracks refined products

The rise in petrol is more contained: Super 98 is up 5.5 per cent at 3.80 dirhams, Special 95 up 5.7 per cent at 3.69 dirhams and E-Plus 91 up 5.86 per cent at 3.61 dirhams. Fuel prices in the country have been set against global markets since deregulation in 2015, and the mechanism tracks international refined product markets rather than the crude price on the day. The increase is tied to tension that flared again in August, after crude had given back all of its wartime gains during the July ceasefire.[1]

The Istanbul pump, Ekonomim said, is 81.08 lira

Pump prices, Ekonomim said, were 81.08 lira in Istanbul, 82.20 lira in Ankara and 82.47 lira in Izmir. In the eastern provinces the pump price is 83.93 lira a litre, the highest of the figures given. Filling a 50-litre tank costs about 180 lira more, and a heavy vehicle with a capacity of 1,500 litres pays roughly 5,400 lira more for a full tank.[2]

References

  1. News sourceThe NationalDiesel in the United Arab Emirates rises 13 per cent in September↩1↩2
  2. News sourceEkonomimDiesel in Turkey carries 3.60 lira more tax a litre from 1 September↩1↩2