
Oil prices have been moving lower after OPEC+ decided to increase output in September, with Brent crude hitting a closing low of $65 per barrel. This could lead to a slight drop in petrol prices in the UAE if oil stays on the lower side in the coming days.
After a small recovery in recent sessions, the average Brent crude price in August was around $66.91 per barrel, down from July’s average of $69.87. Lower crude prices can affect engine oil and fuel costs, making it a good time for car owners to plan their maintenance and oil changes wisely.
In the UAE, petrol prices are updated monthly, usually on the last day of the month, based on global oil market trends.
As of Sunday evening, Brent crude stood at $67.73 per barrel and WTI at $63.66 per barrel.
For August, petrol prices in the UAE saw a slight decrease compared to July:
- Super 98: Dh2.69 per litre (down from Dh2.70)
- Special 95: Dh2.57 per litre (down from Dh2.58)
- E-Plus 91: Dh2.50 per litre (down by 1 fil)
Petrol prices are important for residents and motorists, especially with the UAE’s growing population and increasing number of vehicles.
Ole Hansen, head of commodity strategy at Saxo Bank, explained that crude oil prices are trading in a tight range, supported by strong US refinery demand, inventory draws, and rising exports, while summer liquidity remains thin.
He added, “Geopolitical factors, like Russia-Ukraine peace talks and US pressure on India’s Russian imports, provide short-term support. However, OPEC+ output growth and slowing demand keep prices range-bound for now.”
Also Read:
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Editor-at-Large
A passionate writer in the lubricant industry, Awais Iqbal has been covering oils, greases, and industrial fluids since the start of his career. At 25, he’s already written for blogs, catalogs, and brand guides across the UAE. Awais’s insights help companies connect with their audience, and his clear, helpful writing style is trusted by brands in the region.