Holborn Blog Bulletin

Dubai Expats £50 a tank better off than Brits back home

Categories

2018

Dubai

UK consumer

New UK petrol price punishment …

Motorists in the UK are facing the biggest rise in petrol prices for 18 years in what the RAC described as a “hellish” price hike.

May saw prices of unleaded fuel rise by 6p per litre, to a high of 129.41p per litre for unleaded petrol. This means that the cost of filling a 55-litre family car has risen to £71.18, an increase of £3.29 in the course of just one month.

RAC fuel spokesman Simon Williams said “May was a hellish month for motorists. Sadly they have been besieged by pump price rises for three months with nearly 9p per litre being added to petrol since the beginning of March … The rising oil price together with a weaker pound is a punitive combination for anyone that drives regularly.”

Price hikes have been even more extreme for those unfortunate enough to have to fill up at motorway services. The price of diesel has soared on motorway forecourts to 147.80p per litre, with unleaded closely behind at 144.75p.

But UAE petrol price rises too …

Expats in the UAE also faced a fuel price rise in May, as the UAE fuel price committee announced an increase of 6.8 pc at the beginning of the month, which includes the new VAT rate of 5 pc:

So who’s better off – the UK or UAE motorist? (As if we don’t already know!)

The cost of filling that same 55 litre family car for British expats in Dubai has risen to Dh136.95, or £27.68 – so expat families in the UAE are still saving nearly £50 on a tank full of fuel in comparison with their British compatriots!

Get in touch today!

If you'd like to talk to us about anything you've read in this blog post, complete this short form.




Your privacy is important to us. We’ll never sell your data to a third party.

You might also like

Holborn Assets Reviews the UK Care Home Sector 2017

So have you got “The Big Dilemma” or “The Big Problem”? For most people, there are two ...

“Open Banking” – fresh choices for consumers?

“Open Banking” is the way banking is going over the next few decades. Open Banking is designed ...

The UK Pension Deficit: what about my pension?

"UK Pension Deficit." What does it mean for the UK expat? What are you going to do about your UK ...