New UAE fuel prices next week: Will petrol prices fall in June?

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PHOTO BY EXPAT MEDIA

Will petrol prices in UAE fall in June?

A change in the UAE’s fuel prices is expected to be announced next week, with motorists hoping that a price drop will be on the way.

An announcement on the new fuel prices for June 2023 is expected to be made on or before May 31. The UAE Fuel Price Committee convenes every month to set the petrol prices.

This May, fuel prices in the UAE increased by 5 percent, the highest price increase so far in the year following an increase in global oil prices. Only the price of diesel saw a slight decrease.

For June, a price drop is likely after Brent futures fell to just above $75 (Dh275) a barrel, down from $80 (Dh293) in April. ICA/Expat Media

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