Fuel prices in the UAE are dropping, so Dubai authorities are reducing taxi fares immediately. The minimum fare in Dubai is down by 22 fils now.

According to Adel Shakri, director of Planning and Business Development at RTA's Public Transport Agency, "the price has come down from 2.19 per km to 1.97 per km. This is the impact of the usual fuel prices going up and coming down. Since the last four months, it has been going down and as a result, we reduced the tariff as well. This is part of our efforts to remain transparent with the customers. This will be applicable to all kinds of taxis including limousines.”

Since taxi demand is increasing, this makes a 20-kilometre journey cheaper by Dh4.40, providing relief to passengers.

For the month of January 2023, the UAE significantly reduced retail fuel prices on December 30.

From January 1, Super 98 will cost Dh0.52, or 15.7% less than December's price of Dh2.78 per litre. Similarly, Super 95 costs Dh2.67 per litre this month, down by 16 per cent or Dh0.51. While E-Plus costs 16.7 per cent less at Dh2.59 per litre.

Last October, the first taxi fare reduction was implemented.

Earlier in September 2022, Sharjah authorities announced a one-dh reduction in the minimum fare, and Ajman authorities announced a 6-percent decrease in the tariff.

The announcement came after fuel prices in the UAE dropped to their lowest level in six months.

Since prices were liberalised in 2015 they have reached their highest level in early 2022.