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Petrol prices go up for the fifth month in a row in Qatar

  • Author:Lisa Tang
  • Source:Doha News
  • Release on :2017-03-04

Fuel prices in Qatar will increase in March for the fifth straight month, the Ministry of Energy and Industry has announced.

Starting on Wednesday (March 1), the cost of 91-octane, premium grade fuel will be QR1.60/liter, up 5 dirhams from current prices.

The cost of 95-octane super gasoline will also go up by 5 dirhams to QR1.70/liter. And diesel will see a 5-dirham increase to 1.55/liter.

March petrol prices

Qatar first began pegging fuel prices to the global market last June.

Since then, prices have increased more than 30 percent for petrol (taking March into account). Diesel is also seeing a 10 percent jump.

Reduced subsidies

The rising fuel prices come as Qatar contends with an expected budget deficit of QR28.3 billion ($7.8 billion) this year.

Acknowledging the new reality of lower oil prices, the government has been reducing subsidies on fuel and also utilities such as electricity and water. 

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