The United Arab Emirates (UAE) will lower domestic prices for gasoline and diesel in September, the Ministry of Energy said on Thursday.

The price of a litre of octane 95 gasoline will fall 8.4 per cent to Dh1.96 ($0.5336) at the start of September compared to Dh2.14 in August, the ministry said on its Twitter account.

Domestic diesel price will drop 9.3 per cent to Dh1.86 in September from to Dh2.05 in August.

Last month, 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