The United Arab Emirates is set to announce its official fuel price revisions for September 2026 this coming Monday. Market conditions suggest the possibility of minor upward adjustments, as global oil rates continue to trade at elevated levels driven by ongoing regional conflicts.
In August, the average closing price for Brent crude reached approximately $87.7 per barrel, a notable increase from the $83.46 average recorded in July. This upward trend has been fueled by intense rhetoric surrounding the US-Iran conflict and recurring attacks on energy vessels within the Strait of Hormuz, which kept prices fluctuating between the $80 and $90 range throughout the first half of the month.
The impact of these global shifts was reflected in the UAE’s fuel costs for August, which saw an increase of roughly Dh0.20 per litre. During that period, Super 98, Special 95, and E-Plus were priced at Dh3.60, Dh3.49, and Dh3.41 per litre, respectively.
Market analysts are closely monitoring the situation as supply uncertainty continues to outweigh concerns over demand. On Tuesday morning, Brent and WTI crude were trading at $91.18 and $84.13 per barrel, respectively. According to Naeem Aslam Aslam, chief investment officer at Zaye Capital Markets, the market remains highly sensitive to any developments that threaten Iranian exports or regional shipping routes.
Aslam noted that while prices can drop quickly on positive headlines, they remain structurally supported by constrained transport capacity and limited barrel availability. He added that if diplomatic conditions improve and tanker flows normalize, some of the current price premium could unwind, whereas tougher sanctions on Iran could keep Brent supported above the $90 threshold.
The geopolitical landscape has been further complicated by new US sanctions targeting Iran’s aviation, gold, technology, and shipping sectors. President Donald Trump has also threatened to sever economic ties with any nations that continue to partner with Tehran, a move that could further restrict global oil supply.
Vijay Valecha, chief investment officer at Century Financial, observed that while approximately 40 tankers carrying nearly 16 million barrels successfully navigated the Strait of Hormuz on a recent Friday night, providing some temporary relief, overall flows remain significantly low. He emphasized that rising tensions and the imposition of stricter sanctions on major oil buyers, such as China, continue to keep supply risks elevated.
As the UAE prepares for the upcoming monthly price announcement, the prevailing global crude environment suggests that local retail rates will likely remain under upward pressure until regional stability improves. The report also notes that which could see minor upward adjustments as global oil rates stay on the higher side due to the Middle East war, the UAE will announce the revised petrol and diesel prices for the month of September 2026 next week. The report also notes that dubai’s Toyota Building: Iconic sign to live on, ‘one last surprise’ planned. The report also notes that abu Dhabi-born Malayali Kaziah Liz Mejo crowned Miss Universe India 2026. The report also notes that stay up to date with the latest news. The report also notes that covering real estate, aviation and other business stories that directly affect the lives of UAE consumers, waheed Abbas is Assistant Editor. The report also notes that too, he frequently reports human interest stories.
Source: Khaleej Times
