Reem Saad / Doha News
The Arabian Gulf Petrol Station
(This article has been updated to reflect changes made by the Ministry of Energy and Industry after it was published.)
Fuel prices in Qatar will dip slightly in the month of October.
Prices posted by the Ministry of Energy and Industry on Wednesday afternoon said “Super” 95-Octane gasoline will cost QR1.35/liter while “Premium” 91-Octane gas will be QR1.25/liter.
Both Super and Premium have been QR 0.05 higher in the month of September.
Ministry of Energy and Industry
October’s updated fuel gas price list
This is the second month in a row that gas prices have fallen by QR.05 per liter.
Diesel will continue to cost QR1.40/liter, a price that hasn’t changed since the ministry began fluctuating monthly prices in May of this year.
Monthly changes
In January, the Qatar government reduced fuel subsidies by effectively hiking prices 30 percent.
The move came amid tumbling global oil prices and tighter government spending.
Then in April, the Ministry of Energy and Industry announced it would change monthly fuel prices based on the global market.
The stated aims included raising awareness about energy usage, as well as boosting the country’s economy and reducing environmental impact.
With the increased fuel costs, the government stands to collect an additional QR700 million this year, using June’s petrol prices and 2015 sales figures.
Cost of living in Qatar has also been driven up this year by entertainment and education sector price rises.
Some 55 Qatar schools having increased their fees starting with the new term this month.
Thoughts?
*Editor’s Note: This story has been amended to reflect the current price posted on the Ministry of Energy and Industry’s website. The ministry’s website had initially showed no change in price from September to October – but updated the prices an hour later.
(The post A small decrease in Qatar fuel prices for October is from Doha News.)