UAE Fuel Price Hike June 2026: Petrol Rises for Fourth Month, Diesel Drops - News and Statistics

May 31, 2026 The UAE has announced fuel price adjustments for June, according to a report from The National. Petrol prices will rise for the fourth consecutive month this year, following decreases in January and February and increases in March and April. In contrast, diesel prices are set to drop. Global oil benchmarks have experienced volatility amid shifting positions in the US-Iran war. During the conflict, which began on February 28, Brent and WTI surged by about 70 percent at their peak. Since then, prices have fallen. On May 29, Brent settled at $91.12 and WTI at $87.36, retreating by more than a quarter from their highs. Over the course of May, the two benchmarks declined by roughly 15 percent. The new June prices reflect these movements. Super 98 gasoline will cost Dh3.95, a 7.92 percent increase from Dh3.66 in May. Special 95 will be priced at Dh3.83, up 7.9 percent from Dh3.55. E-Plus 91 will rise to Dh3.76, an 8 percent jump from Dh3.48. Diesel, however, will decrease to Dh4.33, a 7.67 percent drop from Dh4.69 in May. Fuel costs in the UAE have been tied to the global oil market since deregulation was introduced in 2015. The US-Israeli war on Iran, which caused Brent to surge to nearly $120 a barrel in March, continues to add volatility. Prices remain elevated due to persisting concerns related to the conflict, including supply uncertainties, the Strait of Hormuz remaining effectively shut, and back-and-forth negotiations between Washington and Tehran, with each side accusing the other of breaching their ceasefire. Analysts have noted that it may take time for pump prices to ease back to pre-war levels, particularly compared to the surge from the onset of the Russia-Ukraine war in 2022. Swiss bank UBS has forecast Brent at $90 a barrel over the next nine to 12 months. Commerzbank also raised its Brent forecast to $90 by the end of September, assuming the strait remains closed to normal shipping for another two months. According to the Energy Information Administration, US crude, petrol, and distillate stockpiles all fell last week, as refiner and consumer demand rose and exports declined.