With global oil prices flaring up in conjunction with the conflict in Ukraine following the Russian invasion, the UAE began today, Tuesday, to implement a new increase in the prices of fuel and oil derivatives by up to 11 percent. According to the new prices, the price of one liter of fuel and diesel (diesel fuel) exceeded 3 UAE dirhams, which is the highest price since the liberation of fuel prices in the UAE in August 2015. Oil prices rose last February in the UAE, affected by a global leap in global oil markets in light of the repercussions of the Russian-Ukrainian war and fears of its repercussions on global demand for oil. Oil. Russia is the second largest exporter of crude oil, and it is also the largest exporter of natural gas in the world.
