UAE Petrol Prices Expected to Drop in April Amid Global Oil Market Trends

Petrol charges in the UAE are possibly to decline in April following lower international crude oil expenses in March. The UAE government normally revises gas expenses at the final day of each month, and present day traits imply a downward adjustment for April.

Global Oil Prices and Their Impact on UAE Fuel Rates

Throughout March, Brent crude oil costs averaged round $70.93 per barrel, a decrease from the February average of $75. Early Friday buying and selling noticed Brent crude at $74.11 per barrel, at the same time as West Texas Intermediate (WTI) traded at $70.01. The decrease in international prices is predicted to reflect in nearby UAE petrol expenses for April.

In March, fuel costs in the UAE have been set at:

• Super 98: Dh2.73 per litre
• Special 95: Dh2.61 per litre
• E-Plus 91: Dh2.54 per litre

Market analysts anticipate further fluctuations due to geopolitical factors and oil production adjustments by using OPEC+ contributors.

Market Volatility and Economic Uncertainty

Joseph Dahrieh, Managing Principal at Tickmill, highlighted that crude oil prices may want to see accelerated volatility as international economic conditions evolve. He cited that latest US tariff bulletins on countries purchasing Venezuelan oil have influenced market sentiment, in conjunction with concerns over trade tensions and economic slowdown dangers.

“In this regard, the uncertainty surrounding the ability reduction in Venezuelan oil exports could tighten supply in short term. Similarly, sanctions on Iranian oil may want to contribute to a tighter market. However, fears of an monetary slowdown because of tariff-triggered prices could keep to strain crude charges,” Dahrieh said.

In addition, OPEC+ choices regarding crude manufacturing levels may want to similarly impact pricing. While the organization is expected to growth output, measures to govern overproduction may help stabilize the market.

Geopolitical Tensions and Their Influence on Oil Prices

Over the past two weeks, oil expenses have rebounded slightly after a duration of downward pressure. This shift in market sentiment has been driven by using geopolitical traits, such as navy tensions in the Middle East.

George Pavel, General Manager at Naga.Com Middle East, pointed out that US army actions against Houthi rebels in the Red Sea, combined with ongoing Israeli operations in Gaza, have contributed to heightened worries over local balance. Additionally, traits in the Russia-Ukraine conflict should introduce similarly volatility.

“While escalating tensions have supported oil prices, a success peace talks in the Russia-Ukraine warfare should function a counterbalance, introducing greater fluctuations,” Pavel defined.

Furthermore, the USA’ new price lists on Venezuelan oil consumers, set to take effect on April 2, 2025, are inflicting ripples in the worldwide market. These price lists, along present sanctions on Russian and Iranian oil, have raised issues amongst buyers.

Historical Petrol Prices inside the UAE

Below is a table detailing petrol charge developments in UAE over the past year:

Conclusion

With global oil prices on a downward fashion and ongoing geopolitical tensions, fuel costs within the UAE are possibly to be revised down for April. Market analysts stay watchful of OPEC+ production changes and external monetary pressures, that can similarly shape fuel pricing within the coming months. The final choice on UAE petrol fees for April is predicted to be announced through the government at the end of March.