The United Arab Emirates will lower domestic prices for gasoline in October, the ministry of energy said on Monday.

The price of a litre of octane 95 gasoline will fall 8.7 per cent to Dh1.79 ($0.4874) at the start of October compared with Dh1.96 in September, the ministry said on its Twitter account.

The domestic diesel price will rise to Dh1.89 in October from Dh1.86 in September, the ministry said.

In July, the UAE said it would raise domestic prices for gasoline and cut them for diesel in a politically sensitive reform designed to save it money and encourage fuel efficiency.-Reuters