Saudi Arabia and Kuwait have the lowest fuel prices among GCC countries for the month of January.
Meanwhile, the United Arab Emirates (UAE) has the highest prices for the month, followed by Oman, Qatar, and Bahrain.
Super grade petrol (98 octane) costs $0.54 (SAR 2.04) a liter in Saudi Arabia and $0.35 a liter in Kuwait.
The same grade costs $0.61 a liter in the UAE, followed by Oman ($0.55 a liter), and Qatar and Bahrain with $0.51 and $0.42 a liter, respectively.
Saudi Arabia is expected to hike retail gasoline and diesel prices in the first quarter of 2018, as part of fiscal reforms to reduce oil dependence.
|
Fuel Prices in GCC – January 2018 |
||||||
|
Kuwait (Fils) |
Oman (Baisa) |
Bahrain (Fils) |
Qatar (QAR) |
UAE (AED) |
KSA (SAR) |
|
|
105 |
213 |
160 |
1.85 |
2.12 |
2.04 |
Petrol (super) |
|
85 |
199 |
125 |
1.80 |
2.05 |
1.37 |
Petrol (special) |
|
110 |
230 |
120 |
1.75 |
2.33 |
0.47 |
Diesel |
|
Fuel Prices in GCC – January 2018 (USD) |
||||||
|
Kuwait |
Oman |
Bahrain |
Qatar |
UAE |
KSA |
|
|
0.35 |
0.55 |
0.42 |
0.51 |
0.577 |
0.544 |
Petrol (super) |
|
0.28 |
0.52 |
0.33 |
0.49 |
0.558 |
0.365 |
Petrol (special) |
|
0.36 |
0.60 |
0.32 |
0.48 |
0.634 |
0.130 |
Diesel |
Saudi Arabia and the UAE will start to implement value-added tax (VAT) on fuel prices as of tomorrow, Jan. 1, 2018, as follows:
|
Post-VAT Fuel Prices in Saudi Arabia and UAE |
||||
|
UAE |
Saudi Arabia |
|
||
|
USD |
AED |
USD |
SAR |
|
|
0.577 |
2.12 |
0.544 |
2.04 |
Petrol (super) |
|
0.558 |
2.05 |
0.365 |
1.37 |
Petrol (special) |
|
0.634 |
2.33 |
0.130 |
0.473 |
Diesel |
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