The UAE’s fuel prices for February 2025 are set to be announced soon, and industry experts anticipate a possible increase. This expectation comes as global oil prices have seen a steady rise in January, driven by geopolitical factors and economic policies.
Recent Petrol Price Trends in the UAE
As of January 2025, fuel prices in the UAE remained unchanged from December 2024, marking the lowest levels recorded in the past year. The current prices are:
• Super 98 – AED 2.61 per litre
• Special 95 – AED 2.50 per litre
• E-Plus 91 – AED 2.43 per litre
• Diesel – AED 2.68 per litre
The UAE follows a deregulated fuel pricing policy, where prices are adjusted monthly to align with global oil market trends. The official rates for February 2025 will be announced at the end of January.
Why Petrol Prices May Increase in February 2025
Several global factors are contributing to the likelihood of a price hike in the UAE:
1. Rising Global Oil Prices
Oil prices have been climbing steadily, with Brent crude oil trading at an average of $77.55 per barrel in January, up from $73 per barrel in December 2024. On January 28, Brent crude settled at $77.62 per barrel, reflecting a 0.17% increase, while WTI crude rose 0.3% to $73.99 per barrel.
2. US Sanctions on Russian Oil
The recent expansion of US sanctions on Russian oil exports is expected to tighten global supply. These sanctions have targeted major Russian producers such as Gazprom Neft and Surgutneftegas, as well as 183 vessels transporting Russian crude. This move is likely to push major importers like China and India to seek alternative suppliers from the Middle East, Africa, and the Americas, further driving up oil prices.
3. Increased Demand from Top Oil Importers
With Russian oil exports facing restrictions, major importers are expected to shift their sourcing strategies. China and India, the world’s first and third-largest crude oil importers, are likely to increase purchases from other regions, which could lead to higher global oil prices and, consequently, increased fuel costs in the UAE.
Impact on Consumers and Businesses
If petrol prices rise in February, consumers in the UAE could experience increased transportation costs, affecting daily commutes and logistics expenses. Businesses, particularly those in transportation and delivery services, may also see an impact on operational costs.
Official Announcement Expected Soon
The UAE’s fuel prices for February 2025 will be officially confirmed at the end of January. As always, the country’s pricing policy ensures that domestic fuel costs reflect international market conditions.
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