UAE Fuel Prices for May Announced Amid Oil Market Fluctuations

Apr 29, 2026

54 min

Apr 29, 2026 20:30

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

## Overview of May Fuel Prices

The UAE Fuel Price Committee is set to release the new petrol and diesel prices for May. Despite recent fluctuations in global oil markets, significant changes in fuel costs are not expected this month.

## Oil Market Dynamics

Brent crude oil prices have surged to nearly $120 per barrel, marking the highest level since early 2022. This increase is partly due to disruptions in the Strait of Hormuz, a key route for global oil shipments, which has tightened supply.

## Impact on UAE Fuel Prices

UAE fuel prices are determined based on the average oil prices from the previous month. As a result, May's prices will reflect April's averages, which were lower than current levels. Therefore, petrol prices are expected to remain stable or slightly decrease, while diesel prices may stay elevated.

## Future Outlook

The current surge in oil prices is likely to have a more pronounced effect on June's fuel costs. The situation in the Strait of Hormuz and ongoing geopolitical tensions will continue to influence market stability and future pricing.

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