The United Arab Emirates has announced fuel prices for June 2026, marking the first pricing update since the country withdrew from Opec and Opec+ on May 1 after six decades of membership.
Super 98 petrol will cost Dh3.95 per litre, up from Dh3.66 in May. Special 95 petrol rises to Dh3.83 from Dh3.55, while E-91 Plus increases to Dh3.76 from Dh3.48. Diesel, however, dropped to Dh4.33 per litre from Dh4.69 in the previous month.
Petrol prices have climbed for three consecutive months, reflecting broader movements in global oil markets. The increases follow the UAE’s historic departure from Opec, a move that could eventually allow the country to increase crude output by up to 30 percent above its previous quota-constrained levels, depending on how quickly new capacity is deployed.
Monthly fuel price changes in the UAE directly affect household budgets, as fuel remains a regular and significant expense. When prices rise, motorists typically need to allocate a larger share of their income to cover commuting and transport costs. The current rates remain below the record levels seen in July 2022, when Super 98 peaked at Dh4.63 per litre following the Russia-Ukraine conflict.
Despite the petrol increases, the decline in diesel prices may offer some relief to the commercial and logistics sectors, which rely heavily on diesel-powered fleets. Analysts say the divergent movements in petrol and diesel prices reflect the complex supply dynamics in the wake of the UAE’s Opec exit and ongoing disruptions to global shipping routes.
Looking ahead, fuel pricing will remain a key indicator of how the UAE’s independent production strategy interacts with market forces and regional supply conditions.
Source: Khaleej Times | Dubai Weekly
