UAE fuel prices will shift again as petrol edges higher and diesel falls. Authorities announced a slight rise for petrol, while diesel costs move lower. This adjustment reflects global oil market uncertainty and regional supply pressures.
Super 98 petrol now costs Dh2.70 per litre. The price moved up from the previous month by 0.3 percent. Similarly, Special 95 petrol stands at Dh2.58 per litre. That also shows a marginal increase of 0.3 percent. E-Plus 91 petrol moved to Dh2.51 per litre, climbing by 0.3 percent. However, diesel prices shifted differently, dropping to Dh2.66 per litre, a decline of 4.3 percent.
UAE fuel prices directly track global oil movements. The government deregulated local pricing to mirror global supply and demand. As a result, any volatility in international markets quickly affects local costs. This ensures consumers and businesses feel changes more directly.
Global crude markets have faced sharp swings in recent months. Investors balanced weak demand forecasts with concerns about Russian supply disruptions. Russia’s ongoing conflict with Ukraine damaged refineries and sparked energy insecurity. Meanwhile, the U.S. increased tariffs on India over cheap Russian oil imports. These actions created further market instability.
UAE fuel prices also react to wider geopolitical pressures. The conflict between Iran and Israel continues to unsettle energy flows. Furthermore, slow global economic growth weighs heavily on oil demand. China, the world’s top importer, delivered weaker-than-expected growth. All these elements combine to drive instability in crude prices.
Despite short-term declines, oil posted recent weekly gains. However, analysts expect future downward pressure on prices. Opec+ recently decided to boost output by more than half a million barrels daily. This expansion reverses earlier supply cuts imposed during the pandemic. Analysts predict more global inventories will build as demand slows.
The Commonwealth Bank of Australia expects Brent futures to slide further. Analysts forecast a price around $63 per barrel by year-end. That outlook points to ongoing challenges for producers, but relief for consumers.
In conclusion, UAE fuel prices continue to shift with global oil market dynamics. Petrol increased modestly, while diesel fell significantly. These adjustments mirror broader volatility shaped by geopolitical conflicts, production shifts, and economic slowdowns. Consumers and businesses must adapt to these fluctuations as energy markets remain unsettled.
