The UAE has announced fuel prices for June 2026, marking its first pricing update as an independent oil producer following its exit from OPEC and OPEC+ on May 1. The new rates reflect the country’s new position in global oil markets after ending six decades of membership in the producers’ alliance.
Super 98 petrol will cost Dh3.95 per litre, up from Dh3.55 in May. Special 95 petrol rises to Dh3.83 per litre from Dh3.55. E-Plus 91 climbs to Dh3.76 from Dh3.48. Diesel, the lone category to decrease, drops to Dh4.33 from Dh4.69 per litre.
The increase in petrol prices — the third consecutive monthly rise — reflects broader global oil market movements. However, the UAE’s departure from OPEC adds a new dimension. As an independent producer, the UAE could eventually increase output by up to 30 per cent above previous quota-constrained levels, depending on how quickly new capacity is deployed. Market analysts have outlined three possible scenarios: a gradual supply increase of 200,000 to 300,000 barrels per day would likely have limited market impact, while a more aggressive ramp-up could put downward pressure on prices.
For Dubai’s business community, the fuel price changes have direct implications for logistics costs, transportation budgets, and consumer spending. Petrol prices in the UAE have been liberalized since 2015, with monthly adjustments tied to global benchmarks. The diesel price decline is notable, as diesel costs directly affect commercial transportation and construction — two sectors critical to Dubai’s economy.
The last time fuel prices approached current levels was in 2022 following the Russia-Ukraine conflict, when Super 98 peaked at Dh4.63 per litre in July of that year. While current prices remain below those records, the upward trend adds to cost pressures for households and businesses already navigating rising rents and insurance premiums in the emirate.
Source: Khaleej Times | Business of Dubai
