Will UAE petrol prices increase in March 2026 amid rising global oil prices and US-Iran tensions?

Analysts suggest that UAE petrol prices could rise in March 2026 following global oil price increases driven by escalating US-Iran geopolitical tensions. In February, Brent crude averaged $68.9 per barrel, up from $63.47 the previous month, briefly crossing the $71 mark. The UAE had reduced February’s fuel prices by 8–9 fils per litre, setting Super 98 at Dh2.45, Special 95 at Dh2.33, and E-Plus 91 at Dh2.26. However, experts like Norbert Rücker noted that while markets are inflated by a “geopolitical risk premium,” actual supply disruptions remain unlikely due to robust global reserves and surplus production capacity. The UAE Fuel Price Committee will announce official March rates at month-end, but early signs point toward a modest price uptick if oil’s upward trend continues.

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