UAE Announces New June 2026 Petrol and Diesel Prices
Fuel rates increased for petrol but diesel dropped; impact linked to UAE's departure from Opec.
UAE Petrol and Diesel Prices for June 2026 Revealed
The UAE has announced new fuel prices for June 2026. This marks the first pricing update since the country became an independent oil producer after leaving Opec and Opec+ in May.
Read More: UAE Withdraws from OAPEC After OPEC Exit
The new rates will be effective from June 1, 2026, and are as follows:
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Super 98 petrol: Dh3.95 per litre (up from Dh3.66 in May).
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Special 95 petrol: Dh3.83 per litre (up from Dh3.55).
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E-Plus 91 petrol: Dh3.76 per litre (up from Dh3.48).
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Diesel: Dh4.33 per litre (lower than May’s Dh4.69).
Fuel prices have been rising for three consecutive months, reflecting global oil trends. Monthly updates in petrol prices directly impact household budgets, as fuel is a necessity for many families. Even small changes in fuel costs can add up over time, requiring families to allocate more money for their monthly expenses.
The UAE experienced record-breaking fuel prices back in 2022, during the Russia-Ukraine conflict, when rates surged past Dh4 per litre for the first time. Super 98 petrol reached Dh4.63 per litre, while Special 95 peaked at Dh4.52, marking the highest levels recorded.
The UAE's departure from Opec on May 1, 2026, after six decades of membership, was a game-changing move. This allows the country to potentially boost its oil production by up to 30% over previous restricted levels, depending on the pace of capacity expansion.
Experts suggest three possible outcomes for the market based on increased UAE oil supply. A gradual rise of 200,000 to 300,000 barrels daily might not cause much price change. A moderate supply of 500,000 to 1 million barrels daily might stabilize the market once shipping routes normalize. However, if supply grows further, exceeding 1 million barrels daily, prices may drop unless demand increases rapidly.
With the UAE leaving Opec, the organization may lose some of its ability to manage expectations, as it historically relied on spare capacity to influence global markets.
AI contributed to the creation of this article.