Post by : Bianca Qureshi
Taxi fares in Ajman are going up in July because petrol prices have increased. The cost per kilometer will rise to Dh1.76, up from Dh1.74, according to taxi operators.
Earlier this week, the UAE fuel price committee announced new prices for petrol and diesel for July 2025. Super 98 petrol will now cost Dh2.70 per litre, higher than Dh2.58 in June. Special 95 petrol will cost Dh2.58 per litre, up from Dh2.47 last month.
Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel
The E-Plus petrol category will be sold at Dh2.51 per litre, compared to Dh2.39 in June. Diesel prices also increased to Dh2.63 per litre, up from Dh2.45.
Looking ahead, there is hope that fuel prices might go down soon. This is because global oil prices dropped sharply last week by about 13%, breaking a three-week rise. The earlier price increases in June led to the higher fuel costs for July.
One main reason for the recent drop in oil prices was a ceasefire deal between Israel and Iran. This helped ease worries about oil supply problems from the Middle East, which provides about one-third of the world’s oil.
On Monday, oil prices recorded their biggest weekly drop in two years. Many investors bet that oil prices would go down after the Iran-Israel ceasefire, just before OPEC+ countries planned to increase oil production.
West Texas Intermediate crude oil was trading near $65 a barrel after last week’s 13% fall. Even though Iran doubts the ceasefire will last, former U.S. President Donald Trump said he might support lifting sanctions if Iran remains peaceful.
OPEC+ members are expected to discuss raising oil production by 411,000 barrels per day in August. This would be the fourth month in a row with a big increase in supply—three times more than originally planned.
Vivek Dhar, an expert at Commonwealth Bank of Australia, said the focus will shift from Iran’s oil exports to the OPEC+ supply decision soon. He added that OPEC+ may accept lower oil prices to avoid losing market share.
Big Bad Wolf Books Dubai 2026 Extended to March 15
The world’s largest book sale in Dubai Studio City extended to March 15, offering 18,000 titles, fre
Miruna Launches Modest Collection Featuring Statement Designs
Miruna unveils its new Modest collection, blending expressive silhouettes, luxe textures, and statem
AMINA Joins 21X as First Regulated Bank for Token Trading
Swiss bank AMINA partners with 21X and Tokeny, creating end-to-end tokenisation infrastructure for r
US Stocks Slide as AI Fears, Inflation and Oil Surge Weigh
US stocks dropped as AI disruption fears hit tech firms, inflation rose above forecasts, and oil pri
Pacific Prime Wins Top Honors at Cigna Awards 2026
Pacific Prime secured Top Individual Broker and Top SME Broker awards at Cigna’s Annual Broker Award
QatarEnergy Halts LNG Output After Military Attack
QatarEnergy has stopped LNG production after military attacks hit its facilities in Ras Laffan and M
Strong 6.1 Magnitude Earthquake Hits West Sumatra, No Damage
A 6.1 earthquake struck off West Sumatra, Indonesia. No casualties, damage, or tsunami alert reporte
Bank of Baroda Faces Abu Dhabi Legal Battle over NMC Collapse
Bank of Baroda’s involvement in Abu Dhabi litigation tied to the NMC Healthcare collapse raises repu
Top Museum Openings of 2026 Set to Transform Global Tourism
From Los Angeles to Abu Dhabi and Brussels, 2026 brings major museum launches—Lucas Museum, Guggenhe
UAE Tour Highlights UAE’s Strength in Hosting Global Sports Events
Abu Dhabi Sports Council says the successful UAE Tour reflects the UAE’s leading role in hosting maj
EU Seeks Clarity from US After Supreme Court IEEPA Ruling
European Commission urges full transparency from the US on steps after Supreme Court ruling, emphasi
SpaceX Launches 53 New Satellites for Expanding Starlink Network
SpaceX launches 53 Starlink satellites in two Falcon 9 missions, breaking reuse records and expandin
RTA Awards Contract for Phase II of Hessa Street Upgrade in Dubai
Phase II of Hessa Street Development to add bridges, tunnel, and upgraded intersections, doubling ca
UAE Gold Prices Today, Monday 16 February 2026: Dubai & Abu Dhabi Updated Rates
Gold prices in UAE on 16 Feb 2026 updated: 24K around AED 599.75/gm, 22K AED 555.25/gm, and 18K AED
Over 25 Ahmedabad Schools Receive Bomb Threat Email, Authorities Investigate
More than 25 schools in Ahmedabad evacuated after bomb threat emails mentioning Khalistan. Authoriti