UAE Fuel Prices Expected to Remain Stable in May

Apr 27, 2026

70 min

Apr 27, 2026 16:31

UAE fuel prices for May: Why petrol, diesel costs won't rise like it did in April

## Overview

Fuel prices in the UAE are anticipated to remain stable in May, following a significant increase in April. This stability comes despite ongoing fluctuations in global oil markets.

## Current Market Conditions

The price of Brent crude oil has recently risen, with the June delivery price reaching $107.60 per barrel. However, these increases are not expected to impact May's fuel prices significantly, as they are based on the average oil prices from April.

## Factors Influencing Prices

The UAE's Fuel Price Committee adjusts prices monthly, reflecting the previous month's average oil costs. April's prices were influenced by March's spike, while May's prices will reflect April's slightly lower averages.

## Global Influences

Disruptions in the Strait of Hormuz continue to affect global oil supply, with around 20% of the world's energy passing through this critical route. Although Iran has indicated a willingness to reopen the strait if the US lifts its blockade, no resolution has been reached.

## Future Outlook

Historically, sharp price increases are followed by gradual stabilization. For May, petrol prices are expected to remain stable or slightly decrease, while diesel prices may stay elevated due to tighter global supply.

## Key Considerations

Motorists should monitor developments in oil flow stability, particularly in the Strait of Hormuz, and any progress in US-Iran negotiations. These factors will influence whether the market stabilizes or remains under pressure, affecting future pricing.

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