UAE Fuel Prices for May Announced Amid Oil Market Fluctuations

Apr 29, 2026

64 min

Apr 29, 2026 21:30

UAE fuel prices for May out today: Petrol, diesel costs to rise as oil surges?

## Overview of May Fuel Prices

The UAE's Fuel Price Committee is set to release the new petrol and diesel prices for May. This announcement comes as global oil prices experience a significant surge, with Brent crude reaching $119.69 per barrel, its highest since early 2022.

## Impact of Global Oil Trends

The recent increase in oil prices is largely due to the closure of the Strait of Hormuz by Iran, a key route for global oil shipments. This disruption has tightened global oil flows, pushing prices higher. However, the impact on UAE fuel prices for May will be limited as they are based on the average oil price from April, which was lower than current levels.

## Expected Price Changes

For May, petrol prices in the UAE are expected to remain stable or slightly decrease, while diesel prices are likely to stay elevated. The current surge in oil prices is anticipated to have a more pronounced effect on June's fuel prices.

## Future Outlook

The direction of future fuel prices will depend on the stability of oil flows and developments in geopolitical negotiations. If the Strait of Hormuz reopens and diplomatic progress is made, supply risks could decrease, potentially easing prices. However, if disruptions persist, upward pressure on prices may continue.

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