The United Arab Emirates on Tuesday released updated fuel prices for the month of May, showing slight increases in petrol prices and a significant drop in diesel rates. The new prices will come into effect starting May 1.
According to the official announcement, Super 98 petrol will be priced at Dh2.58 per litre, up marginally from Dh2.57 in April. Special 95 petrol will also see a small increase, rising from Dh2.46 to Dh2.47 per litre. E-Plus 91 petrol will now cost Dh2.39 per litre, a one-fils rise from the April rate of Dh2.38.
In contrast, diesel prices have dropped more noticeably. The revised rate for diesel is Dh2.52 per litre, a decrease of 11 fils compared to Dh2.63 last month.
The monthly revision is part of the UAE’s fuel price deregulation policy introduced in 2015, which links domestic fuel prices to global oil market trends. The UAE Fuel Price Committee typically announces the updated rates during the final days of each month, reflecting changes in international energy markets.
April’s prices had already marked a decline from March, continuing a downward trend following a brief spike in February. Analysts attribute the latest adjustments to modest fluctuations in global crude oil prices and regional supply dynamics.
The new rates will be closely watched by residents and businesses alike, especially logistics and transport companies that are directly impacted by diesel prices. The reduction in diesel costs could offer some relief to commercial operators, while the near-steady petrol rates are unlikely to significantly affect consumer fuel budgets.
Fuel prices in the UAE are a key economic indicator, often influencing transport costs and inflation trends in the country. The consistent and transparent monthly revisions are part of broader efforts to align the country’s energy sector with global market practices.
As the summer season approaches, fuel consumption is expected to rise, and future price adjustments will continue to reflect movements in the international oil markets.
