UAE Petrol Prices For August: Why Fuel Rates Likely To Remain Stable

2025-07-28 04:18:07

(MENAFN- Khaleej Times)

Petrol prices in the UAE are expected to remain stable or witness only a modest change in August.

The average closing price of Brent crude in July was approximately $68.80 per barrel, slightly lower than June's average of $69.87. In the UAE, petrol prices in July were set at Dh2.70 per litre for Super 98, Dh2.58 for Special 95, and Dh2.51 for E-Plus 91.

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As fuel prices play a crucial role in influencing inflation, stable petrol rates help keep transportation costs and the prices of other goods under control. The UAE continues to rank among the 25 countries with the lowest petrol prices globally, with an average of Dh2.58 per litre.

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Inflation in the UAE stood at 1.4 per cent in the first quarter of 2025, largely due to declining energy prices. The Central Bank has revised its inflation forecast for 2025 slightly downward, from 2 per cent to 1.9 per cent. This revision is primarily attributed to the continued decrease in transportation costs. The forecast for 2026 has also been adjusted to 1.9 per cent, down from the earlier estimate of 2.1 per cent.

Additionally, easing prices of key non-energy commodities are expected to support a contained inflation outlook. Inflation in 2026 is projected to remain steady at 1.9 per cent, reflecting a downward revision of 0.2 percentage points.

In July, petrol prices were influenced primarily by concerns over global trade tariffs. However, crude oil futures rebounded last week on optimism surrounding progress in US trade negotiations.

“The US-Japan agreement, which reduces tariffs on automobile imports while securing major investment pledges in the US, has supported oil prices. At the same time, ongoing talks between Washington and the European Union are boosting hopes for further trade easing, which could strengthen demand expectations for crude,” said Osama Al Saifi, managing director for Mena at Traze.

“Nonetheless, lingering uncertainties regarding the timing and scope of these agreements may temper market optimism, limiting the potential for a significant short-term price rally,” he added.

MonthSuper 98Special 95E-Plus 91

Jan-24	2.82	2.71	2.64
February	2.88	2.76	2.69
March	3.03	2.92	2.85
April	3.15	3.03	2.96
May	3.34	3.22	3.15
June	3.14	3.02	2.95
July	2.99	2.88	2.8
August	3.05	2.93	2.86
September	2.9	2.78	2.71
October	2.66	2.54	2.47
November	2.74	2.63	2.55
December	2.61	2.5	2.43
Jan-25	2.61	2.5	2.43
February	2.74	2.63	2.55
March	2.73	2.61	2.54
April	2.57	2.46	2.38
May	2.58	2.47	2.39
June	2.58	2.47	2.39
July	2.7	2.58	2.51

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