Why are UAE petrol prices expected to fall in July 2026?

UAE petrol prices are expected to decline in July 2026 after four consecutive monthly increases because global oil prices have dropped sharply during June. Brent crude fell from around $95 per barrel at the start of the month to below $74 per barrel, driven by the US-Iran peace deal, easing geopolitical tensions, the reopening of the Strait of Hormuz, and expectations of increased oil supply returning to global markets. As UAE fuel prices are linked to international oil rates, the sustained decline in crude prices is likely to result in lower retail petrol prices across the country next month.

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