Gasoline and Diesel Prices in Qatar for January 2024

The official announcement of fuel prices in Qatar for January 2024 has been made, covering various types of gasoline and diesel, according to data obtained from the specialized energy platform.

Since the beginning of the war in Ukraine on February 24, 2022, Qatar has been striving to shield its citizens from the repercussions of the global energy crisis that has affected many countries worldwide. This is achieved by stabilizing energy prices and only adjusting them for reasons beyond the ordinary.

Over the past year and a half, Qatar has only adjusted fuel prices in December 2023 by reducing gasoline prices. Before that, adjustments were made in April 2023.

Qatar Petroleum officially announced on Sunday, December 31, in a statement obtained by the specialized energy platform, the fuel prices in Qatar for January 2024, which are set to take effect starting Monday.

Gasoline Prices in Qatar for January 2024

Qatar Petroleum has approved fuel prices in Qatar for January 2024, aligning with the current stable condition of global oil markets, as observed by the specialized energy platform.

During the period from January 1 to January 31, 2024, the announced prices for gasoline and diesel are as follows:

  • Diesel: Price per liter remains at 2.05 Qatari Riyals.
  • Gasoline 95 “Super”: Price per liter remains at 2.10 Qatari Riyals.
  • Gasoline 91 “Premium”: Price per liter increased to 1.95 Qatari Riyals from 1.9 Qatari Riyals.

The fuel prices in Qatar for January 2024 come amid expectations of a decline in oil demand during the first quarter of the new year, coupled with the stability of crude oil prices, currently ranging between 78 and 80 dollars per barrel.

The fuel pricing in Qatar coincides with a state of confusion in global markets after Saudi Arabia announced in November of the previous year the continuation of voluntary oil production cuts until the end of the first quarter of 2024, as reported by the specialized energy platform.

It is worth noting that oil prices peaked in August and September of the past year, reaching close to 95 dollars per barrel before experiencing a decline again. This prompted several OPEC countries to contribute to voluntary cuts in oil production.

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