The UAE might witness a slight reduction in petrol prices for January 2025, according to recent market indicators. This projection stems from December’s Brent oil average of $73.06 per barrel, showing a minor decline from November’s $73.2.
Current Market Overview
December 2024 saw fuel prices reach their yearly low, with:
- Super 98: Dh2.61 per litre
- Special 95: Dh2.50 per litre
- E-Plus: Dh2.43 per litre
These rates reflected a Dh0.13 decrease across all fuel grades compared to November prices.
Market Experts’ Analysis
Global oil markets remain steady, with current rates at:
- WTI: $70.65 per barrel
- Brent: $74.00 per barrel
Expert analysts share varying perspectives on the market’s direction:
Swissquote Bank‘s Ipek Ozkardeskaya notes that crude oil continues in a bearish pattern, with markets watching China’s economic performance and global supply levels.
Exness consultant Maria Agustina Patti highlights that 2025’s projected abundant oil supply, combined with China’s softer demand signals, might limit price increases.
China’s Impact on Global Oil Markets
Samer Hasn from xs.com points to potential positive shifts in Chinese demand, citing:
- A newly approved $3 trillion treasury bond offering
- Ongoing monetary support initiatives
- Plans for social system restructuring
However, potential US-China trade tensions could affect market stability, particularly with upcoming political changes in the United States.
UAE’s Fuel Price System
Since 2015, the UAE has maintained a deregulated fuel pricing system, with monthly adjustments reflecting international market rates. These revisions occur on the last day of each month, ensuring local prices align with global trends.
Key Takeaway
UAE residents should prepare for a potential modest decrease in January 2025 fuel prices, though final rates remain subject to market fluctuations in the year’s closing days. This trend continues to reflect the Emirates’ commitment to transparent, market-aligned fuel pricing.
Note: Final prices will be announced on Tuesday, factoring in any last-minute market changes.
JobXDubai 
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