UAE petrol prices have increased again for May 2026, while diesel rates remain unchanged, It reflects global oil trends and impacting transportation costs. In the UAE, petrol prices were deregulated in 2015 to align them with the international rate.
Petrol prices in the UAE increased by nearly one-third in April, following a nearly 60 percent global rise in oil prices due to the US-Israel-Iran military conflict and the closure of the Strait of Hormuz.
The revision follows a rise in global oil prices amid ongoing tensions in the Middle East. The Fuel Prices Monitoring Committee approved higher petrol prices based on average global oil prices and distribution costs. Prices across all fuel categories have gone up compared to April.
The revision led to higher petrol and diesel prices across categories, impacting consumers and transport costs. The increase was part of the UAE’s monthly pricing system, in which domestic fuel rates are aligned with international crude oil prices.
The April hike reflected volatility in global oil markets, where crude prices have remained elevated due to geopolitical tensions and supply concerns. This has led to a broader increase in fuel costs across several countries, including the UAE.
Also Read: US-Iran Stalemate, Hormuz Disruption Push Brent Above $111, Oil Jumps 1%
Fuel prices in the UAE were increased for April 2026 after the country’s Fuel Price Committee revised monthly retail rates. The hike marked a continuation of adjustments linked to global oil market trends.
The US-Israeli war on Iran, which caused Brent to surge to almost $120 a barrel in March, continues to add volatility to prices. Brent, the benchmark for two-thirds of the world's crude, passed $115 a barrel on Wednesday (April 29, 2026). Brent was up 4.74 percent to $123.62 a barrel at 10.03 am UAE time on Thursday. West Texas Intermediate, the gauge that tracks US crude, climbed 2.15 percent to $109.2 a barrel.