The UAE Fuel Price Committee is set to announce petrol and diesel rates for March 2025 in the coming days. Residents closely monitor these monthly revisions to plan their expenses accordingly.
In February, fuel prices saw an increase. Super 98 petrol rose to Dh2.74 per litre, up from Dh2.61 in January. Special 95 petrol increased to Dh2.63, while E-Plus 91 climbed to Dh2.55. Diesel prices also rose to Dh2.82 per litre, compared to Dh2.68 last month.
Since the UAE deregulated fuel prices in 2015, monthly price adjustments have followed global oil market trends. With global crude prices fluctuating, speculation is high on whether fuel costs will decline in March.
Global Oil (Fuel) Market Trends Signal Possible Decline
Recently, oil prices have shown signs of weakening due to economic uncertainty. West Texas Intermediate (WTI) crude dropped 2.5%, closing below $69 per barrel, marking its lowest level this year. This decline coincided with a sharp drop in US consumer confidence, prompting investors to reduce exposure to riskier assets.
Market volatility is also driven by ongoing trade tensions, particularly between the US and China. Measures aimed at reducing economic ties between the two nations have further dampened energy demand forecasts.
According to Frank Monkam, head of macro trading at Buffalo Bayou Commodities, “Oil markets are under renewed pressure due to weak economic indicators. Slowing economic data signals weaker demand for crude.”
Will UAE Petrol Prices Drop in March?
Oil prices have fluctuated within a $5 range in February but have now dipped below key levels. Earlier this year, crude briefly surged past $80 per barrel, but concerns over slowing Chinese demand, potential supply increases, and trade-related slowdowns have weighed on the market.
The UAE’s official fuel price announcement for March is expected soon. If global trends persist, motorists may see a reduction in fuel costs. Stay tuned for updates.
