From yesterday, residents have to shell out more for five things in the UAE, thanks to imposition of excise tax.
The UAE has imposed a 50 per cent excise tax on carbonated beverages and 100 per cent tax on tobacco products and energy drinks.
Soft drink prices will increase from Dh1.50 to Dh2.25, while the price of a pack of cigarettes will double from an average Dh8 to Dh16.
The retail price of energy drinks too will double, from an average Dh5-Dh10 per can to Dh10-Dh20 - depending on the brands.
Fuel prices in the UAE are set to surge to a two-year high, with both petrol and diesel becoming costlier by more than 10 fils a litre.
The new domestic fuel prices, which will be the highest since September 2015, have become effective from October 1. Price per litre of Super 98 will rise to Dh2.12 from Dh2.01 starting this month (up 5.47 per cent); Special 95 at Dh2.01 from Dh1.90 (up 5.79 per cent); E Plus-91 at Dh1.94 from Dh1.83 (up 6.01 per cent). The price for diesel has been raised to Dh2.10 per litre from Dh2 per litre.
The steepest increase in fuel prices in the UAE was in August 2015, when, for instance, the price for Super 98 was set at Dh2.25, up from Dh1.86 in July, nearly 21 per cent surge.
