UAE residents may pay slightly less at the pump in August, with the Fuel Price Committee expected to announce revised petrol and diesel rates by July 31. The monthly pricing review, based on global oil benchmarks, is a key indicator for household budgeting across the country.
In July 2025, fuel prices rose sharply following stronger oil trends in early June. Super 98 was priced at Dh2.70 per litre, up from Dh2.58 in June. Special 95 climbed to Dh2.58, and E-Plus 91 rose to Dh2.51. Diesel also saw an increase, reaching Dh2.63.
However, international oil prices have since lost momentum. Brent crude is currently hovering near $69 per barrel, and U.S. crude trades around $65, about 10% below first-quarter averages. The decline follows a steep drop of nearly 13% in late June, marking the most significant weekly fall since March 2023.
Market analysts cite increased supply from OPEC+ nations and slower demand in China and parts of Europe as key drivers of the softer outlook. Geopolitical tensions have triggered brief spikes but failed to sustain higher prices.
Given the recent stability in oil markets, analysts suggest UAE fuel prices could drop by 5 to 10 fils per litre in August, barring any major global disruptions. This would offer modest relief after July’s surge in rates.
