UAE Fuel Prices in May 2026: Stability Expected Despite Global Changes

Apr 22, 2026

68 min

Apr 22, 2026 09:31

UAE fuel prices for May 2026: Will it rise or fall sharply after Iran ceasefire?

## Current Oil Market Trends

In March, oil prices surged past $110 per barrel but have since settled into a range between $90 and $100. As of late April, Brent crude is trading near $99.29, while US crude is at $90.71. Both have seen recent gains, indicating upward pressure.

## UAE Fuel Price Outlook

UAE fuel prices are determined by the average oil price from the previous month. This means that while April's prices reflected March's spike, May's prices will be based on April's slightly lower averages. Petrol prices are expected to remain stable or decrease slightly, while diesel prices may stay elevated.

## Factors Influencing Prices

Despite a ceasefire between the US and Iran, the Strait of Hormuz remains a bottleneck, affecting global supply. This route is crucial as it handles about 20% of the world's energy supplies. The ongoing naval blockade continues to restrict movement, keeping oil prices supported.

## Future Scenarios

If the Strait of Hormuz reopens fully and supply normalizes, price relief might be more noticeable in June. However, if disruptions persist or worsen, oil prices could rise above $100 again, maintaining elevated UAE fuel prices.

## Key Considerations for Motorists

The stability of global oil flows is crucial. Motorists should monitor Brent crude prices, US-Iran negotiations, and shipping activity through the Strait of Hormuz to gauge future fuel price trends.

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