Petrol prices climb further as UAE announces fuel rates for May 2026
Global conflict continues to influence oil prices
DUBAI – Fuel costs in the United Arab Emirates (UAE) are set to climb further in May, following a sharp surge in April linked to global oil market disruptions.
The latest revision comes as geopolitical tensions continue to weigh heavily on energy markets.
The new rates, announced by the UAE Fuel Price Committee, will take effect from May 1, 2026.
New fuel prices
| Fuel Type | May 2026 Price | April 2026 Price |
| Super 98 | Dh3.66 | Dh3.39 |
| Special 95 | Dh3.55 | Dh3.28 |
| E Plus 91 | Dh3.48 | Dh3.20 |
| Diesel | Dh4.69 | Dh4.69 |
The increase follows a steep rise in global oil prices, which surged by nearly 60 percent amid the US-Israel-Iran conflict and disruptions to shipping through the Strait of Hormuz. In April, UAE petrol prices had already jumped by nearly one-third as a result of these developments.
Opec exit
Adding to market uncertainty, the UAE has announced its exit from Opec and Opec+, effective May 1, 2026, ending more than six decades of membership. The move follows a review of national production strategy and capacity.
Analysts suggest the UAE could raise output beyond previous quota limits, with potential increases ranging from 200,000 barrels per day to over 1 million barrels per day. The scale of this rise may shape future oil prices, particularly once shipping routes stabilise.
Fuel prices in the UAE have been deregulated since 2015, with monthly adjustments reflecting international market trends.