UAE fuel prices: Will they rise or fall for March 2025?
The UAE announced the retail fuel prices for February 2025, raising the rates by as much as 0.13 fils per litre compared to the month of January 2025
Motorists will be carefully watching whether fuel prices in the UAE rise or fall later this week.
The UAE Fuel Price Committee always reveals the latest pricing data on the last day of every month, meaning that citizens and residents will know more on February 28.
Read- UAE: Petrol, diesel prices for February 2025 announced
The fuel prices in UAE have been quite stable since the beginning of this year.
The UAE announced the retail fuel prices for February 2025, raising the rates by as much as 0.13 fils per litre compared to the month of January 2025.
It was from February 1, 2025, that Super 98 petrol cost Dhs2.74 a litre, up from Dhs2.61 a litre in January, while Special 95 will cost Dhs2.63 a litre, compared to Dhs2.50 a litre a month earlier. Petrol prices in January 2025 remained unchanged from December 2024 and were the lowest in the past year.
Brent crude futures rose to 38 cents, or 0.5 per cent, to $75.16 a barrel by 0401 GMT. US West Texas Intermediate crude futures gained 47 cents, or 0.7 per cent, to $71.17 a barrel. Both contracts gained in Monday’s session after a $2 drop last Friday.
The US on Monday put new sanctions on more than 30 brokers, tanker operators, and shipping companies for their role in transporting Iranian oil. President Donald Trump has said he wants to bring crude exports to zero.
For now, fuel demand strength in the West is also supportive of oil markets, some analysts say.
“Globally complex refining margins are looking robust, with strong fuel oil and distillates crack, particularly in USGC and NEW benefiting from the heating oil demand from the cold snap,” said Sparta Commodities analyst Neil Crosby in a note, referring to the US Gulf Coast and Northwest Europe.
Margins for a typical refinery in Singapore processing regional benchmark Dubai crude averaged $3.5 a barrel in February so far, compared with $2.3 a barrel last month, LSEG pricing data showed.
However, gains overall were capped by the uncertain demand outlook.
US President Donald Trump said on Monday that tariffs against Canadian and Mexican imports scheduled to start on March 4 are “on time and on schedule” despite efforts by the two trading partners to address Trump’s concerns about border security and fentanyl. Analysts say the tariffs would be bearish for global oil demand growth.
(With inputs from Reuters)
