UAE Petrol, Diesel Prices for February 2026: Will Fuel Costs Fall at the Pump?

After fuel prices dropped across all categories in January, global oil prices have shown signs of recovery in the latter part of the month. This shift could influence the upcoming pricing decision by the UAE Fuel Price Committee.

Current Fuel Prices in the UAE

In January 2026, petrol and diesel prices were reduced, offering some relief to motorists at the start of the year. Current pump prices stand at:

• Super 98: Dh2.53 per litre

• Special 95: Dh2.42 per litre

• E-Plus 91: Dh2.34 per litre

• Diesel: Dh2.55 per litre

These rates reflected a noticeable decline from December levels following easing global oil prices toward the end of 2025.

Fuel prices in the UAE are reviewed monthly and are determined based on average global oil prices and refined fuel costs from the previous pricing cycle.

Global Oil Market Developments

Global oil prices have moved higher since early January. Brent crude has been trading in the mid-$60 per barrel range, while US crude prices have edged closer to the $60 mark.

The recent upward movement has been driven by a combination of factors, including renewed geopolitical tensions in the Middle East, uncertainty around oil exports from certain producing nations, and temporary production disruptions in parts of the global supply chain.

However, rising oil inventories, particularly in major consuming countries, indicate that global supply remains sufficient. This has helped limit the pace and scale of oil price increases.

What February Prices Could Look Like

With oil prices currently trading above the levels seen when January fuel rates were set, a small increase in petrol and diesel prices for February appears more likely than another cut.

That said, market conditions do not point to a sharp rise. Global supplies remain comfortable, and inventory data suggests the market is not facing immediate shortages. As a result, any increase at UAE fuel pumps is expected to be limited rather than significant.

Diesel prices may remain firmer compared to petrol, as global diesel supply has shown tighter conditions in recent weeks.

What This Means for UAE Motorists

• Fuel prices are more likely to edge up slightly in February.

• Major price jumps are not expected under current market conditions.

• Prices could remain close to January levels if oil prices stabilise before the pricing window closes.

Final petrol and diesel prices for February 2026 will be announced on January 31, when the UAE Fuel Price Committee releases the official rate list.

Fuel price forecasts are based on current market trends and available data. Actual prices may vary depending on how international oil markets move before the official announcement.