UAE fuel prices climb for fourth month as global oil volatility persists
Fuel prices in the UAE will rise again in June, marking the fourth straight monthly increase. The latest hike follows global oil market trends, though the jump is smaller than the sharp rise seen in April. Motorists will pay more at the pump as international crude prices remain volatile. The UAE’s fuel pricing system ties local costs to international oil markets with a one-month delay. In June, Special 95 petrol will cost Dh3.83 per litre, up 28 fils from May. Super 98 petrol will rise to Dh3.95 per litre, an increase of 29 fils.
Global oil prices have stayed high despite recent dips. Brent crude averaged around $103 per barrel in May, though it fell below $100 last week, settling near $91 on Friday. The drop came amid signs of progress in US-Iran negotiations, which have made oil prices particularly sensitive to diplomatic shifts. Diesel costs may face further pressure due to tighter global supply and rising shipping expenses. The Strait of Hormuz, a critical energy shipping route, remains a key flashpoint, influencing oil market stability. Petrol prices, however, are expected to hold steady or edge up only slightly in June.
The latest price adjustments reflect ongoing volatility in global energy markets. With Brent crude still elevated and geopolitical tensions affecting supply routes, UAE motorists will continue to feel the impact. Fuel costs are likely to remain unpredictable as long as international oil prices react to shifting diplomatic and economic conditions.
