Fuel prices in the UAE tend to fluctuate in line with global trends - and residents are sure to be watching developments closely.

Prices went above Dhs4 for the first time in June.

And they reached an all-time high in July, with Super 98 costing Dhs4.63 per litre.

Since then, though, the picture has improved.

Prices have been slashed on a monthly basis since August, with Super 98 dropping down to Dhs3.03 per litre in October.

In global markets on Friday, oil prices fell after China increased its COVID curbs.

Brent futures fell to $95.77 (Dhs351) a barrel and US West Texas Intermediate (WTI) crude settled at $87.90 (Dhs322).

Retail consumption of fuel is still below pre-pandemic levels in the UAE.

But an increase in economic activity has seen it on the rise again.

Fuel prices in the country were liberalised in 2015, with local rates being aligned with global oil prices.

The government hopes the measure will encourage more residents to use public transport while also incentivising the use of alternative fuels.

For the past seven years, the fuel price committee has met on a monthly basis to announce revised rates.

Their decisions are usually made public on the final day of the month, meaning we should know the November price within the next 24 hours.