UAE to announce fuel rates: How much could petrol prices rise?
On March 31, the UAE will reveal petrol prices from April 2026.
Judging by the surge in global oil prices during the first three weeks of March as a result of the regional conflict and US-Israel-Iran war, fuel tariffs in UAE can also expect to get another major hit next month. Already, some of the countries have raised petrol prices following a surge in world oil prices.
The Brent oil price has added 54 per cent or $39.32 a barrel in three weeks, climbing from $72.87 a barrel at the end of February to $112.19 a barrel at the close of markets on March 20. Last week, the Middle East military conflict pushed it to a high of over $118 a barrel.
Oil prices are now trading near levels during the Russia-Ukraine war, when Brent was hovering at about $125 a barrel. As a result of the price, Super 98 petrol price in UAE increased to Dh3. 74 a litre, while Special 95 increased to Dh3. 62 a litre in April 2022. Prices topped the Dh4 a litre mark for the first time in June 2022 as the Russia-Ukraine war heated up.
Petrol prices in the UAE were raised by around Dh0. 14 a litre to align them with international prices.
Increased Petrol Price in UAE: Super 98 petrol price increased to Dh2 59 a litre in March, from Dh2. 45 in February. Increase in Special 95 price from Dh. 48 per litre, up compared to Dh2. 33. E-Plus 91 was priced at Dh2. 40 a litre in March, compared to Dh2. 26 a litre over the last month.
It raised the price of diesel by Dh0. 20 to Dh2. 72 a litre this month.
Petrol and diesel price will be announced in the UAE for next month on March 31.
Global oil prices continued rising on Monday morning as a regional military conflict escalated.
The average Brent closing price in the first three weeks of March 2026 exceeded $92 versus a corresponding $68.92 last month as military conflict in the Middle East involving the US, Israel and Iran continued. The genesis of the conflict came on Feb. 28 when the US and Israel bombed Iranian leadership level and military infrastructure, sending prices higher.
Things took a turn for the worse when the Strait of Hormuz was closed to ships and oil tankers because of the war. The Strait alone sees around 20 per cent of the world’s oil each day. Additionally, the countries that are fighting have targeted energy infrastructure projects in Iran and Qatar, adding to supply worries.
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