{"id":61115,"date":"2022-07-04T14:13:12","date_gmt":"2022-07-04T10:13:12","guid":{"rendered":"https:\/\/lovin.co\/dubai\/en\/?p=61115"},"modified":"2022-07-05T09:44:19","modified_gmt":"2022-07-05T05:44:19","slug":"uae-fuel-prices-will-continue-to-surge-throughout-2022-to-touch-aed5-per-litre","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/news\/uae-fuel-prices-will-continue-to-surge-throughout-2022-to-touch-aed5-per-litre\/","title":{"rendered":"A Crude Summer: UAE Fuel Prices Will Continue To Surge Throughout 2022 (To Touch AED5)"},"content":{"rendered":"

Motorists across the UAE and the globe have been exposed to skyrocketing fuel prices among other commodities.<\/p>\n

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

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 inflation<\/a>. According to CNBC<\/a>, a variety of factors are influencing today\u2019s record-high inflation, such as the “post-pandemic consumer demand, ongoing supply chain shortages, geopolitical events and the war in Ukraine.”<\/p>\n

As of July, the UAE has recorded a hike in petrol prices for the 5th time this year, and according to the latest 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

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The month of July saw fuel prices soar by 11% in the UAE<\/h2>\n