Petrol prices in Qatar will go up by Dh5 a litre next month while there will not be any change in the diesel price in August, shows an announcement by the Ministry of Energy & Industry.
According to the Ministry of Energy & Industry, the 91-octane Premium gasoline will cost QR1.35/litre (QR1.3 now) and Super QR1.45 (QR1.4) in August.
The current price for this month QR1.3 (Premium) and QR1.4 (Super) will be in effect until July 31. Diesel, however, will remain unchanged at QR1.4/litre in August.
Fuel prices in Qatar were allowed to fluctuate in response to changes in the global market from May 1.
Every month, a special committee comprising representatives from various government bodies, would review fuel prices (gasoline and diesel) and make recommendations on proposed prices for the local market accordingly.
The monthly revision in local fuel prices followed the governrment’s decision on fuel subsidy reforms in Qatar.
A BMI Research analyst told Gulf Times yesterday that “similar to what has happened in the rest of the Gulf (GCC) since the start of the year, we expect to see inflation increasing on the back of subsidy cuts.”
BMI Research, a Fitch Group company, forecasts Qatar’s annual inflation to average 2.9% in 2016. But it still remains low compared to the double-digit inflation Qatar witnessed a few years ago. (Source)
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