Higher UAE Fuel Prices Set to Push Dubai Inflation Higher

Dow Jones
Yesterday

1518 GMT - Higher fuel prices are set to add renewed upward pressure to Dubai inflation in September, Emirates NBD Research says. UAE fuel prices rose for a second consecutive month, with Super 98 gasoline increasing 5.6% on month to AED3.80 a liter and diesel jumping 13%. The increases track higher global oil prices and should push Dubai inflation higher after it moderated in July, the Dubai-based bank's senior economist Daniel Richards says. The rise comes as renewed U.S.-Iran tensions have rebuilt the geopolitical risk premium in crude markets.

 

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