UAE raises fuel prices for June

The United Arab Emirates announced the revised fuel prices for June, signaling a further increase in retail prices.

Emirates National Oil Company (ENOC) published the cost of Special 98, Special 95 on its Twitter account.

June fuel prices, including VAT, are:

- Super 98: AED 2.63 per liter (up from AED 2.49 in May)

- Special 95: AED 2.51 per liter (up from AED 2.37)

- Diesel: AED 2.71 per liter (up from AED 2.56)

​The fuel prices for June in the #UAE as announced by the UAE Fuel Price Committee ⛽ pic.twitter.com/BzlQeJYXzX

— ENOC (@ENOC) May 28, 2018

UAE liberalized fuel prices about two years ago to mirror global crude oil market.

Crude oil prices have been climbing this year, backed by tightening supply and wider geopolitical issues.

Brent crude crossed $80 per barrel earlier this month, before easing to $75-level.

The benchmark grade was last trading down 1.5 percent at $75.3 per barrel, on Monday.