Oil prices fell 13% this week after 3 weeks of gains — will UAE petrol prices follow?
Dubai: With the UAE set to announce petrol and diesel prices for July 2025 today, motorists are eyeing a cut as falling oil prices, combined with easing geopolitical tensions, can likely lead to lower fuel costs.
The monthly fuel price revisions are closely watched by numerous UAE residents as they help determine fuel budgets and daily spending.
Super 98 petrol: Dh2.58 per litre
Special 95: Dh2.47 per litre
E-Plus: Dh2.39 per litre
Diesel: Dh2.45 per litre (down from Dh2.52 in May)
Oil prices dropped around 13% last week, breaking a three-week run of gains. The main reason? A ceasefire was reached between Israel and Iran — easing worries about disruptions from the Middle East, which produces about a third of the world’s oil. Prices largely stayed steady after that.
Analysts say oil prices are now back to the levels seen before the Middle East conflict began. However, some say if oil supply continues to rise too fast, it could put more pressure on prices.
With oil price declining and no new disruptions to supply, UAE fuel prices could drop in July, and while local prices also reflect refining and distribution costs, the strong link to global crude trends means falling oil prices may be passed on at the pump - even later, if not immediately.
Bottom line? Lower global oil prices may lead to cheaper fuel in the coming months — unless new disruptions emerge. UAE residents should stay tuned for the official price update.
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