Rising global oil prices and fresh US sanctions on Russian exports suggest UAE motorists might see fuel price adjustments in February 2025. Here’s what drivers need to know about the upcoming rates.
Market Indicators Signal Price Movement
International oil prices have climbed above $81 per barrel in January, marking significant movement from December’s rates. This surge comes as Brent crude averaged Dh77.55 per barrel, compared to $73 in December 2024.
Current UAE Fuel Rates
Present rates in the UAE (January 2025):
- Super 98: Dh2.61/litre
- Special 95: Dh2.50/litre
- E-Plus: Dh2.43/litre
- Diesel: Dh2.68/litre
These prices, maintained from December 2024, represent the most competitive rates observed in the previous 12 months.
Global Factors Influencing Prices
Century Financial’s Chief Investment Officer, Vijay Valecha, points to expanded US sanctions affecting Russian crude exports to major buyers like China and India. “The sanctions now include significant producers such as Gazprom Neft and Surgutneftegas, alongside 183 vessels involved in Russian oil transportation,” Valecha explains.
Market Response
Oil markets have responded strongly:
- Brent and WTI prices rose over 6% since January 8
- WTI traded at $73.99 per barrel
- Brent reached $77.62 per barrel
Supply Chain Implications
The new sanctions could reshape global oil supply routes. China and India may increase their oil sourcing from:
- Middle Eastern suppliers
- African producers
- American exporters
Historical Price Trends
| Month | Super 98 | Special 95 | E-plus 91 |
|---|---|---|---|
| January 2024 | 2.82 | 2.71 | 2.64 |
| February 2024 | 2.88 | 2.76 | 2.69 |
| March 2024 | 3.03 | 2.92 | 2.85 |
| April 2024 | 3.15 | 3.03 | 2.96 |
| May 2024 | 3.34 | 3.22 | 3.15 |
| June 2024 | 3.14 | 3.02 | 2.95 |
| July 2024 | 2.99 | 2.88 | 2.80 |
| August 2024 | 3.05 | 2.93 | 2.86 |
| September 2024 | 2.90 | 2.78 | 2.71 |
| October 2024 | 2.66 | 2.54 | 2.47 |
| November 2024 | 2.74 | 2.63 | 2.55 |
| December 2024 | 2.61 | 2.50 | 2.43 |
| January 2025 | 2.61 | 2.50 | 2.43 |
Looking Forward
Since the UAE’s 2015 fuel price deregulation, monthly rates align with global market conditions. February’s prices will be announced in late January, reflecting current international oil market dynamics.
Stay informed about UAE fuel prices and other essential updates through our regular market analysis reports.
JobXDubai 
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