UAE Fuel Prices for February to Be Announced Today as Oil Prices Rise

Petrol and diesel prices were reduced across all grades in January, offering relief to motorists at the start of the year. However, oil prices firmed toward the end of the month, raising the likelihood that fuel costs at the pump could edge higher in February.

In January, Super 98 petrol was priced at Dh2.53 per litre, Special 95 at Dh2.42, E-Plus 91 at Dh2.34, and diesel at Dh2.55.

Fuel prices in the UAE are reviewed monthly by the UAE Fuel Price Committee, based on average global oil prices and refined fuel costs during the previous pricing period. Changes in international oil markets are typically reflected in local pump prices.

Oil markets show upward trend

Global oil prices strengthened through January. Brent crude traded mostly between $63 and $66 a barrel during the month, while U.S. crude hovered around $59 to $61.

Brent crude recorded its strongest monthly gain in several years, rising nearly 15%, as markets priced in higher geopolitical risk in the Middle East. Prices initially surged after warnings from Donald Trump to Iran over nuclear negotiations, sparking concerns about potential supply disruptions.

Although oil prices later eased from recent highs as fears of immediate conflict faded, benchmarks remain well above levels seen earlier in January.

At the same time, rising oil inventories, particularly in the United States, suggest that global supply remains adequate. This has helped limit the pace of price increases despite heightened volatility.

What motorists can expect

Oil prices are currently higher than when January’s fuel rates were set, making a modest increase in February more likely than another reduction. However, analysts do not expect a sharp rise, as global supply conditions remain relatively comfortable.

Diesel prices could stay firmer than petrol, as international diesel markets have shown tighter supply conditions. A second consecutive monthly price cut appears less likely unless oil prices weaken before the pricing review period ends.

The final fuel prices will depend on the average oil price levels recorded during the review window rather than short-term market swings.

The official February fuel rates are expected to be announced later today.