UAE Oil Price Hike: The UAE has increased fuel prices for May 2026, against a backdrop of a rise in global oil prices, driven by stalled progress toward ending the Middle East conflict.
The new rates will come into effect from May 1, according to Khaleej Times.
The Fuel Prices Monitoring Committee approved higher petrol rates based on average global oil prices, along with distribution costs.
Prices across all fuel categories have gone up compared to April. The new rates listed below will apply from May 1, 2026, and are as follows:
- Super 98 petrol will cost Dh3.66 a litre, compared to Dh3.39 in April.
- Special 95 petrol will cost Dh3.55 per litre, compared to the current rate of Dh3.28.
- E-Plus 91 petrol prices will cost Dh3.48 per litre, compared to the previous rate of Dh3.20 a litre.
- Diesel rate remains unchanged at Dh4.69 a litre
Super 98 petrol will now cost Dh3.66 per litre, up from Dh3.39 in April 2026. Special 95 has increased to Dh3.55 from Dh3.28, while E-Plus 91 is priced at Dh3.48 compared to Dh3.28 last month. The hike in the fuel prices reflects a broader trend as global crude oil prices remain elevated.
In UAE, the petrol prices were increased by nearly one-third in April 2026 a nearly 60 per cent global rise in oil prices amid the US-Israel-Iran military conflict and the closure of the Strait of Hormuz. In the UAE, petrol prices were deregulated in 2015 to align them with the international rate.
Earlier on April 28, the UAE announced its decision to exit the Opec and Opec+, effective May 1, 2026. The decision, which comes after six decades of being a part of the organisation, was made after the nation's production policy and its capacity was reviewed.
After USE's departure from Opec, the country could eventually increase output by up to 30 per cent above previous quota-constrained levels, depending on how quickly new capacity is deployed.
Marking a significant hike for consumers, the UAE Fuel Price Committee announced an increased the monthly retail rates of fuel in the country for April 2026. The hike marked a continuation of adjustments aligned to global oil market trends. The revision led to higher petrol and diesel prices across categories, impacting consumers and transport costs.
This price revision is a direct function of the UAE's monthly pricing mechanism, which ensures local fuel rates stay synchronized with international crude oil fluctuations. The April hie was largely driven by instability in global energy markets, where crude prices have stayed high amid ongoing geopolitical friction and supply-side anxieties. Consequently, this upward pressure on fuel costs is a trend mirrored in various other nations alongside the UAE.
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