Ministry of Finance approves reduction of Ultra 98 fuel from 235 fils per liter to 210 fils per liter Jan 1st 2023 to March 31.
04 January 2023, 12:00 AM
31 January 2023, 12:00 AM
Oula, the domestic fuel marketing company has announced that the Ministry of Finance has approved reduction of Ultra 98 fuel from 235 fils per liter to 210 fils per liter from Jan 1st 2023 to March 31, reports Al Rai.
The rate was implemented on Oct 1st 2022 till 31st Dec 2022.
Oula company further stated that prices of remaining petroleum products will remain unchanged. The prices of Premium 91-octane gasoline at 85 fils, Special 95 at 105 fils, diesel at 115 fils, and Kerosene at 115 fils.
In related news, Kuwait has been ranked 6th in the world with the cheapest petrol prices, costing $1.57 (Dh5.77) per gallon of petrol, local media reported.
The ten countries with the most affordable petrol prices include five Arab countries – Libya, Iran, and Syria and Algeria and Kuwait.