UAE Announces New Fuel Prices; How Much Will Prices Increase?

 

The global oil price has once again approached its highest level in 2022; the same time when gasoline prices in the UAE reached a historic record of around 4 dirhams per liter.

 

The UAE is set to announce the gasoline prices for April 2026 on March 31.

 

Given the sharp increase in oil prices during the first three weeks of March—due to regional tensions and conflicts between the USA, Israel, and Iran—it is expected that fuel prices in the UAE will also see a significant increase in April.

 

Currently, many countries have raised gasoline prices due to the rise in global oil prices.

 

Brent crude oil prices have risen by 54% (equivalent to $39.32) over three weeks, increasing from $72.87 at the end of February to $112.19 on March 20.

Last week, the price even reached over $118.

 

This price level is almost similar to the period of the Russia-Ukraine war; when:

 

Super 98 gasoline in the UAE reached 3.74 dirhams.

Special 95 gasoline reached 3.62 dirhams.

And in June 2022, prices first exceeded 4 dirhams.

 

In March 2026, the UAE increased gasoline prices by about 0.14 dirhams to align with global rates:

 

Super 98 gasoline: 2.59 dirhams (previously 2.45)

Special 95 gasoline: 2.48 dirhams (previously 2.33)

E-Plus 91 gasoline: 2.40 dirhams (previously 2.26)

 

Additionally, diesel prices also increased by 0.20 dirhams to 2.72 dirhams.

 

Meanwhile, the new official fuel prices for next month will be announced on March 31.

 

On the other hand, global oil prices continue to rise; as military conflicts in the region have intensified.

 

The average Brent crude oil price in the first three weeks of March 2026 reached over $92, while it was around $68.92 the previous month.

 

This increase is due to military conflicts in the Middle East since February 28.

 

The situation became more critical when, due to the war, the Strait of Hormuz was closed to ships and oil tankers;

while about 20% of the world's oil passes through this route daily.

 

Additionally, attacks on energy infrastructure in Iran and Qatar have heightened concerns about oil supply shortages.

 

Source: Gulf Times