Petrol and diesel prices in Qatar continued their downward trend. And the new year comes with a good news for motorists as Qatar Petroleum has slashed the prices of premium and super grade petrol and diesel from January 2019.
A post on Qatar Petroleum tweeter showed that premium grade petrol will cost QR 1.50 in January, which is 30 dirhams less than December rate. Similarly, super grade petrol is also 30 dirhams less than December rate which means it will now be available for QR 1.55 in January.
It's worth mentioning that the price of both grades were reduced by 25 dirhams in December compared to November. The diesel prices have also been reduced by 25 dirhams to QR 1.75.
When the first list was announced in June 2016 the premium petrol was QR1.20 per litre, super QR1.30 per litre and diesel QR1.40 per litre. From April 2016, the Ministry of Energy and Industry had started pegging the fuel prices to the international market. From September 2017, it is Qatar Petroleum who is announcing the monthly price list.
Global oil prices are on track for the first annual decline in three years amid lingering concerns of a global slowdown and supply glut.
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