Potential Reduction in Petrol Prices in UAE Amidst Changes in Global Oil Market Moving Forward in April?
UAE Petrol Prices Expected to Decline in April
The petrol prices in the United Arab Emirates (UAE) are expected to see a decline in April, following a trend of moderate increases or volatility in the global crude oil market.
In March, petrol prices in the UAE were Dh2.73 per litre for Super 98, Dh2.61 for Special 95, and Dh2.54 for E-Plus 91. However, these prices are set to decrease due to the decline in global crude prices.
The decline in global crude prices in March has influenced domestic fuel price adjustments in the UAE. Brent crude averaged $70.93 per barrel in March, a decrease from $75 in February. This drop in prices is attributed to geopolitical developments such as escalating tensions in the Middle East, US military strikes against Houthi rebels in the Red Sea, Israeli operations in Gaza, and the ongoing Russia-Ukraine conflict.
The ongoing volatility in oil markets is also due to economic uncertainty and supply-side factors. New US tariffs on Venezuelan oil, set to take effect on April 2, could cause further fluctuations in global crude prices. On the other hand, OPEC+'s efforts to manage overproduction may prevent a steep decline in oil prices.
In the UAE, petrol prices have been increasing from January to March 2025. The specific details about the revised fuel prices for the end of April have not been announced by the UAE government yet, but consumers may see relief at the pump as prices are expected to decline.
It is worth noting that petrol prices in the UAE have shown monthly fluctuations closely tied to global crude oil price shifts. For example, in mid-2025, petrol prices increased from June to July due to stronger oil prices but showed signs of easing afterward when prices fell sharply at the end of June.
While direct data for April 2023 prices is not available, the documented relationship in 2025 fuel price trends backed by similar global economic and geopolitical factors allows a reasoned inference that petrol prices in the UAE in April 2023 would have likely trended upwards or at least remained elevated, tracking the broader crude oil market influenced by geopolitical developments.
Potential peace talks in Ukraine could offset some of these risks, according to George Pavel, general manager at Naga.com Middle East. If peace talks are successful, it could lead to a decrease in global crude prices, which would in turn result in a decrease in petrol prices in the UAE.
In conclusion, the petrol prices in the UAE in April 2023 are expected to decline due to the decline in global crude prices, following a trend of moderate increases or volatility in the global crude oil market. However, the specific details about the revised fuel prices for the end of April have not been announced by the UAE government yet.
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