The UAE Fuel Price Committee hiked fuel prices by up to 70% for April, according to an X post. This comes as global oil and gas prices have jumped over the past month, with Brent Crude trading above USD 100 for weeks.

Here’s the breakdown per liter:

  • Super 98 is now 3.39 AED, up from AED 2.59 in February (+30.9%);
  • Special 95 is AED 3.28, up from AED 2.48 (+32.3%);
  • E-Plus 91 is AED 3.20, up from AED 2.40 (+33.3%);
  • Diesel is AED 4.69, up from AED 2.72 (72.4%).

This follows last month’s rise, which was the end of lower oil prices after costs dropped in both January and February.

While the committee does not usually disclose its methodology, rates are generally linked to average global prices alongside operating costs to allow distributors reasonable margins, Khalij Economics Director and GCC analyst at GlobalSource Partners Justin Alexander told EnterpriseAM UAE.

“Petrol prices typically move in line with monthly shifts in Brent or Murban, while April’s data suggests diesel is likely tied to a different reference basket,” he added. Diesel saw the sharpest increase, while gasoline rose within the 31-33% range, roughly in line with the 40% increase Brent has seen, he explained.

Expect this to trickle down — and be felt by consumers: “The increase is expected to feed into broader inflation [...] particularly given diesel’s central role in freight and agriculture,” he said, though he added that a lag is expected as to when this will show up in inflation data.

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