{"id":5266,"date":"2022-07-04T14:13:12","date_gmt":"2022-07-04T10:13:12","guid":{"rendered":"https:\/\/lovin.co\/abudhabi\/en\/uncategorized\/a-crude-summer-uae-fuel-prices-will-continue-to-surge-throughout-2022-to-touch-aed5"},"modified":"2022-07-13T20:22:39","modified_gmt":"2022-07-13T16:22:39","slug":"a-crude-summer-uae-fuel-prices-will-continue-to-surge-throughout-2022-to-touch-aed5","status":"publish","type":"post","link":"https:\/\/lovin.co\/abudhabi\/en\/latest\/a-crude-summer-uae-fuel-prices-will-continue-to-surge-throughout-2022-to-touch-aed5\/","title":{"rendered":"A Crude Summer: UAE Fuel Prices Will Continue To Surge Throughout 2022 (To Touch AED5)"},"content":{"rendered":"<p>Motorists across the UAE and the globe have been exposed to skyrocketing fuel prices among other commodities.<\/p>\n<p>At the beginning of July, consumers expected an increase and were soon met with confirmation when Emarat announced an upsurge of 10% to 15% in petrol prices for the month of July 2022.<\/p>\n<p>These swelling price points are affecting everything from diesel and groceries, to rent and flight tickets: causing the common man from holding back on spending in the face of soaring <a href=\"https:\/\/www.investing.com\/analysis\/could-soaring-inflation-slow-down-us-federal-reserves-rate-hike-timetable-200626628\" target=\"_blank\" rel=\"noopener\">inflation<\/a>. According to <a href=\"https:\/\/www.cnbc.com\/select\/inflation-when-will-prices-go-down\/\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>, a variety of factors are influencing today\u2019s record-high inflation, such as the \u201cpost-pandemic consumer demand, ongoing supply chain shortages, geopolitical events and the war in Ukraine.\u201d<\/p>\n<p>As of July, the UAE has recorded a hike in petrol prices for the 5th time this year, and according to the latest <a href=\"https:\/\/www.morningstar.com\/articles\/1100941\/economic-outlook-the-near-term-looks-rough-but-were-still-optimistic\" target=\"_blank\" rel=\"noopener\">Morningstar<\/a> research consumers can expect that 2022 will be the worst for inflation (including costs of energy, autos, and other durables), with prices estimated to drop by 2023.<\/p>\n<div style=\"clear: both;\"><\/div>\n<p><!--infeed--><img decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/05094308\/fuel2.png\" \/><\/p>\n<h2>The month of July saw fuel prices soar by 11% in the UAE<\/h2>\n<ul>\n<li>95 Special went up .49 fils or 12.1%<\/li>\n<li>98 Super was up .48 fils or 11.6%<\/li>\n<li>E-Plus jumped up .48 fils or 12.1%<\/li>\n<li>Diesel went up a whopping .62 fils or 15%<\/li>\n<\/ul>\n<p>With Diesel already costing AED4.76 a litre, it\u2019s inevitable that price points can touch AED5+ by the end of 2022.<\/p>\n<h2>The public weigh-in their predictions<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/04134728\/fuel.png\" \/><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p dir=\"ltr\" lang=\"en\">Ngl i wont be surprised if in 2 months fuel will cost 5 aed\/L \ud83d\ude42\ud83d\ude42\ud83d\ude42<\/p>\n<p>\u2014 tin (@talkdorty) <a href=\"https:\/\/twitter.com\/talkdorty\/status\/1542731564009881600?ref_src=twsrc%5Etfw\">July 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>However, experts are predicting that food and energy prices will level out by 2023-24<\/h2>\n<p>A quote in CNBC\u2019s report claims that inflation could \u201cfall as quickly and dramatically as it rose. We\u2019ve seen it happen before.\u201d<\/p>\n<p>Investment research firm Morningstar added that inflation is expected to undershoot 2% in 2023 and 2024.<\/p>\n<blockquote class=\"instagram-media\" style=\"background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);\" data-instgrm-permalink=\"https:\/\/www.instagram.com\/p\/CfcII2TrUoO\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" data-darkreader-inline-bgimage=\"\" data-darkreader-inline-bgcolor=\"\" data-darkreader-inline-border-top=\"\" data-darkreader-inline-border-right=\"\" data-darkreader-inline-border-bottom=\"\" data-darkreader-inline-border-left=\"\" data-darkreader-inline-boxshadow=\"\">\n<div style=\"padding: 16px;\">\n<p>&nbsp;<\/p>\n<div style=\"display: flex; flex-direction: row; align-items: center;\">\n<div style=\"background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\">\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<\/div>\n<\/div>\n<div style=\"padding: 19% 0;\"><\/div>\n<div style=\"display: block; height: 50px; margin: 0 auto 12px; width: 50px;\"><\/div>\n<div style=\"padding-top: 8px;\">\n<div style=\"color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;\" data-darkreader-inline-color=\"\">View this post on Instagram<\/div>\n<\/div>\n<div style=\"padding: 12.5% 0;\"><\/div>\n<div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\">\n<div>\n<div style=\"background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<div style=\"background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<\/div>\n<div style=\"margin-left: 8px;\">\n<div style=\"background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<div style=\"width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);\" data-darkreader-inline-border-top=\"\" data-darkreader-inline-border-left=\"\" data-darkreader-inline-border-bottom=\"\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\"width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\" data-darkreader-inline-border-top=\"\" data-darkreader-inline-border-right=\"\"><\/div>\n<div style=\"background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<div style=\"width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\" data-darkreader-inline-border-top=\"\" data-darkreader-inline-border-left=\"\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\" data-darkreader-inline-bgcolor=\"\"><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p style=\"color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;\" data-darkreader-inline-color=\"\"><a style=\"color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;\" href=\"https:\/\/www.instagram.com\/p\/CfcII2TrUoO\/?utm_source=ig_embed&amp;utm_campaign=loading\" target=\"_blank\" rel=\"noopener\" data-darkreader-inline-color=\"\">A post shared by Emarat \u201c\u0627\u0645\u0627\u0631\u0627\u062a\u201d (@emarat.official)<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n<h2>The Minister of Energy added that,\u00a0<em>Prices can reach \u201cunseen\u201d levels if Russian oil and gas are completely taken off the market<\/em><\/h2>\n<div>\n<p>The Minister of Energy Suhail Al Mazrouei disclosed stats on the shortage of gas, saying that \u201cwe\u2019re lagging by almost 2.6 million barrels a day, and that\u2019s a lot.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/lovin.co\/dubai\/en\/announcements\/fuel-prices-in-the-uae-are-expected-to-surge-higher\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<\/div>\n<p><img decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/07\/04150102\/Mazrouei.png\" \/><\/p>\n<h2>Watch The Lovin Dubai Show: Queues Out The Door As Fuel Prices Rise By 11% In Dubai For July<\/h2>\n<p><iframe title=\"Queues Out The Door As Fuel Prices Rise By 11% In Dubai For July\" src=\"https:\/\/www.youtube.com\/embed\/j8gUfbhNQ40?feature=oembed\" width=\"1140\" height=\"641\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/lovin.co\/dubai\/en\/community\/sujith-varghese\" target=\"_blank\" rel=\"noopener\"><em>ALSO READ: Sujith Varghese Is The First Person of Determination In A Wheelchair To Became A Personal Trainer In Dubai<\/em><\/a><\/p>\n<p><em><strong>Get the latest Dubai news direct to your phone RN! <\/strong><strong>Download The Lovin Dubai app for free RIGHT HERE (<a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/apps.apple.com\/ae\/app\/lovin-augustus-media\/id1529508280\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/apps.apple.com\/ae\/app\/lovin-augustus-media\/id1529508280\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">App Store<\/a>) (<a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=co.lovin.lovinapp\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/play.google.com\/store\/apps\/details?id=co.lovin.lovinapp\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">Play Store<\/a>) to get the latest trending stories to your phone.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Motorists across the UAE and the globe have been exposed to skyrocketing fuel prices among other commodities. At the beginning of July, consumers expected an increase and were soon met with confirmation when Emarat announced an upsurge of 10% to 15% in petrol prices for the month of July 2022. These swelling price points are &hellip; ","protected":false},"author":2829,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":""},"categories":[40,6,7],"tags":[],"acf":{"featured_image":{"ID":5267,"id":5267,"title":"","filename":"dubai-uae-fuel.jpg","filesize":176047,"url":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/19\/2022\/07\/05125815\/dubai-uae-fuel.jpg","link":"https:\/\/lovin.co\/abudhabi\/en\/latest\/a-crude-summer-uae-fuel-prices-will-continue-to-surge-throughout-2022-to-touch-aed5\/attachment\/5267\/","alt":"","author":"2829","description":"","caption":"","name":"5267","status":"inherit","uploaded_to":5266,"date":"2022-07-05 08:58:15","modified":"2022-07-05 08:58:15","menu_order":0,"mime_type":"image\/jpeg","type":"image","subtype":"jpeg","icon":"https:\/\/lovin.co\/abudhabi\/en\/wp-includes\/images\/media\/default.png","width":2100,"height":1050,"sizes":{"thumbnail":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/19\/2022\/07\/05125815\/dubai-uae-fuel-small.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/19\/2022\/07\/05125815\/dubai-uae-fuel-medium.jpg","medium-width":300,"medium-height":150,"medium_large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/19\/2022\/07\/05125815\/dubai-uae-fuel-768x384.jpg","medium_large-width":768,"medium_large-height":384,"large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/19\/2022\/07\/05125815\/dubai-uae-fuel-large.jpg","large-width":900,"large-height":450,"1536x1536":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/19\/2022\/07\/05125815\/dubai-uae-fuel-1536x768.jpg","1536x1536-width":1536,"1536x1536-height":768,"2048x2048":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/19\/2022\/07\/05125815\/dubai-uae-fuel-2048x1024.jpg","2048x2048-width":2048,"2048x2048-height":1024,"small":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/19\/2022\/07\/05125815\/dubai-uae-fuel-230x115.jpg","small-width":120,"small-height":60,"custom-size":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/19\/2022\/07\/05125815\/dubai-uae-fuel.jpg","custom-size-width":400,"custom-size-height":200}},"hide_featured_image":false,"featured_image_caption":"","summary":"","flexible_content":false,"legacy_image":"","legacy_full_image":"","type_of_video":"Self Hosted","lovin_video_link":false,"lovin_video_link_webm":false,"video_thumbnail":false,"disable_lovin_hearts":false,"lovin_heart_title":"","show_sponsor":false,"sponsor_image":false,"sponsor_name":"","sponsor_content":"","sponsor_website":"","sponsor_facebook":"","sponsor_twitter":"","sponsor_instagram":"","enable_reveal_feature":false,"reveal_image":false,"featured_for_app":false,"legacy_meta_tags":"","is_guest_user":false,"episode_number":"","embed_code":"","episode_introduction":""},"image_feature":null,"author_name":"Farah Makhlouf","_links":{"self":[{"href":"https:\/\/lovin.co\/abudhabi\/en\/wp-json\/wp\/v2\/posts\/5266"}],"collection":[{"href":"https:\/\/lovin.co\/abudhabi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lovin.co\/abudhabi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lovin.co\/abudhabi\/en\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/lovin.co\/abudhabi\/en\/wp-json\/wp\/v2\/comments?post=5266"}],"version-history":[{"count":0,"href":"https:\/\/lovin.co\/abudhabi\/en\/wp-json\/wp\/v2\/posts\/5266\/revisions"}],"wp:attachment":[{"href":"https:\/\/lovin.co\/abudhabi\/en\/wp-json\/wp\/v2\/media?parent=5266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lovin.co\/abudhabi\/en\/wp-json\/wp\/v2\/categories?post=5266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lovin.co\/abudhabi\/en\/wp-json\/wp\/v2\/tags?post=5266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}