Browsing 'petrol' News

Reem Saad / Doha News

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After staying steady in September, fuel prices in Qatar will go up 10 dirhams a liter next month.

Starting Oct. 1, Premium petrol will cost QR1.60/liter while Super will be QR1.70/liter. The cost of diesel will go up 5 dirhams to QR1.55 a liter, Qatar Petroleum said.

This puts fuel on par with the cost of gas earlier in the year, when prices hit an all-time high before the government dropped them over the summer.

Qatar’s fuel prices were fixed by the government until May last year, when officials announced they would fluctuate based on global market conditions.

This was to “raise the efficiency of energy use in the country and raise consumers’ awareness,” the MEI said at the time.

Since then, the cost of Super fuel has increased by 31 percent, Premium by 33 percent and diesel by 11 percent.

Cost of living

The fuel price hike comes as the cost of food and transport in Qatar continue to rise amid the ongoing Gulf dispute.

Doha News

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However, price drops in other categories such as housing, clothing and recreation have been offsetting those increases.

This helped the overall cost of living in Qatar decline marginally year-on-year in August, the latest figures available.

Thoughts?

Jenn Durfey/Flickr

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The cost of fuel in Qatar next month will be unchanged from August’s pump prices, Qatar Petroleum has announced.

Premium (91 octane) petrol and diesel will remain at QR1.50 a liter in September. And Super grade (95 octane) petrol will continue to cost QR1.60/liter, QP tweeted.

Last month, prices for both grades of petrol fell 5 dirhams, and were at their lowest since the beginning of this year. Meanwhile, diesel has stayed stable since July.

The static prices will likely come as a relief to residents.

They have seen increases in some living costs, especially food, in recent weeks due to the ongoing the blockade by neighboring Gulf states and Egypt.

Price hikes

Until May last year, the Qatar government fixed the prices of fuel. However, since then, costs have been allowed to fluctuate based on market conditions.

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The goal was to “raise the efficiency of energy use in the country and raise consumers’ awareness,” the Ministry for Energy and Industry (MEI) said at the time.

Compared to last September, prices are now up 14 percent for Super, 15 percent for Premium and 7 percent for diesel.

The cost of Super gasoline hit a high of QR1.70 a liter in March. It remained this way for three months before dropping 5 dirhams in June.

And diesel reached its highest price so far in April and May, when it cost QR1.60/liter. Its price also fell in June.

Thoughts?

Pixabay

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Petrol prices in Qatar will fall by 5 dirhams from next month, the Ministry of Energy and Industry (MEI) has announced today.

That means starting Aug. 1, the costs of Premium (91 octane) and Super (95 octane) fuel will each drop to their lowest levels since January this year.

Premium petrol will cost QR1.50/liter while Super will be QR1.60/liter. The cost of diesel will remain unchanged from July’s prices, at QR1.50 a liter, the MEI said.

MEI

August 2017 fuel prices

While marginal, next month’s price drop comes despite the ongoing blockade of Qatar by neighboring Gulf states and Egypt, who have sought to isolate the country and impose economic sanctions.

However, last week, the head of Qatar Petroleum said the actions had actually strengthened the nation, not hurt it.

At the time, QP CEO Saad Sherida Al Kaabi even thanked the quartet for the blockade.

Fuel fluctuations

The price of Premium grade petrol had risen for five straight months before holding steady at QR1.60 since March. It finally fell 5 dirhams in July.

University Petrol Station

Meanwhile, the cost of Super gasoline hit a high of QR1.70 a liter in March. It remained this way for three months before dropping 5 dirhams in June.

And Diesel reached its highest price so far in April and May when it cost QR1.60/liter, until its price fell in June.

Qatar’s fuel prices were fixed by the government until May last year, when officials announced they would fluctuate based on global market conditions.

This was to “raise the efficiency of energy use in the country and raise consumers’ awareness,” the MEI said at the time.

Since then, the cost of Premium fuel has increased by almost 30 percent, Super by 23 percent and diesel by 7 percent.

Thoughts?