UAE fuel prices will increase in December as global benchmarks continue to fluctuate. UAE fuel prices also appear in the national update issued on Sunday. Moreover, the revised rates affect motorists across all Emirates.
Authorities confirmed the new pump rates for December after global oil movements influenced regional pricing. The UAE links domestic rates to international markets, so volatility directly affects local consumers. The latest update highlights a shift that reflects broader changes in energy markets.
Super 98 petrol will cost Dh2.70 per litre in December. This represents an increase from Dh2.63 in November. Special 95 petrol will stand at Dh2.58 per litre, which marks a rise from Dh2.51. E-Plus 91 petrol will reach Dh2.51 per litre, moving up from Dh2.44. Diesel will cost Dh2.85 per litre after rising from Dh2.67.
The country deregulated fuel pricing in 2015 to align the market with global trends. Since then, monthly announcements have mirrored changing crude dynamics. Prices have shifted significantly since oil hit a peak in 2022.
Several factors currently influence global oil movements. The Russia-Ukraine conflict continues to disrupt supply expectations. Additionally, tensions in parts of the Middle East create further uncertainty. Many traders also watch global economic signals, including inflation concerns and interest-rate decisions. Stock market volatility adds more pressure to energy markets.
Brent crude closed at $62.38 per barrel on Friday. West Texas Intermediate settled at $58.55 per barrel. Both benchmarks recorded weekly gains. However, they also posted a fourth monthly decline due to stalled diplomatic progress between Russia and Ukraine.
Since October, Brent has fallen by 3.69 percent, while WTI has dropped nearly 4 percent. Year-to-date, Brent has lost around 17 percent, and WTI has retreated by more than 18 percent.
Energy analysts are now watching the Opec+ meeting scheduled for today. The group includes major producers led by Saudi Arabia and Russia. Market observers expect production levels to remain steady. The meeting offers a strong indicator of future pricing trends.
Meanwhile, long-term forecasts show rising global oil demand. The International Energy Agency expects demand to reach 105 million barrels per day by 2035. It predicts further growth to 113 million barrels per day by 2050.
The latest price update underscores the UAE’s commitment to market transparency. UAE fuel prices remain tied to international conditions, which ensures clear alignment with global supply trends. As December begins, motorists will adjust to the revised rates while monitoring further global developments.
