DUBAI – Petrol prices have been increased by Dh3.66 per litre in UAE starting May 1, 2026 amid turbulence in global energy markets and intensifying geopolitical tensions.
New Petrol Prices from May 1
| Fuel Type | May 2026 Price | April 2026 Price | Change |
|---|---|---|---|
| Super 98 Petrol | 3.66 | 3.39 | +0.27 |
| Special 95 Petrol | 3.55 | 3.28 | +0.27 |
| E-Plus 91 Petrol | 3.48 | 3.20 | +0.28 |
| Diesel | 4.69 | 4.69 | 0.00 |
This spike follows dramatic April surge, when petrol prices soared by nearly one-third after global oil markets exploded—driven by the escalating US-Israel-Iran conflict and the critical disruption of shipments through the Strait of Hormuz, one of the world’s most vital oil chokepoints.
UAE confirmed it will withdraw from OPEC and OPEC+ effective May 1, ending more than 60 years of membership. The decision follows a sweeping review of its production strategy amid bold shift toward independence in oil policy.
Freed from quota constraints, the UAE could ramp up output by as much as 30 percent, but the speed and scale of that increase could determine the next chapter of the global oil story.
With OPEC long relying on spare capacity to steer market expectations, losing a heavyweight like the UAE could weaken its grip on global pricing dynamics.
Petrol Prices in Pakistan to cross Rs400 Per Litre from May 1 amid Record Hike in Crude Rates
