DUBAI: The United Arab Emirates has increased petrol prices by nearly 8% for May while keeping diesel rates unchanged, according to the UAE Fuel Price Committee. The revised prices will take effect from May 1 and reflect rising global crude oil costs as well as ongoing geopolitical tensions in the Middle East.
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Under the new pricing structure, Super 98 petrol has been set at 3.66 dirhams per litre (approximately Rs278), up from 3.39 dirhams in April. Special 95 petrol will now cost 3.55 dirhams per litre, compared to 3.28 dirhams previously. Similarly, E-Plus 91 has been increased to 3.48 dirhams per litre from 3.20 dirhams.
Despite the increase in petrol prices, diesel rates have remained unchanged at 4.69 dirhams per litre (around Rs356), providing some stability for transport and logistics sectors that rely heavily on diesel consumption.
The UAE reviews fuel prices on a monthly basis, aligning domestic rates with global oil market movements. The latest adjustment follows a sharp rise in international crude prices, driven by supply concerns and heightened uncertainty in energy markets linked to tensions in the Middle East.
Analysts note that the increase in petrol prices is broadly consistent with global trends, as oil markets have experienced volatility in recent weeks due to disruptions in supply routes and shifting geopolitical developments. The decision to keep diesel prices stable is seen as a measure to cushion the impact on freight and commercial transportation costs.
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Fuel prices in the UAE are directly linked to international benchmarks, meaning local consumers typically see monthly adjustments based on global market performance. The latest hike is expected to have a moderate impact on household transport expenses, while businesses may monitor further fluctuations in energy costs in the coming months.