UAE petrol prices may rise for fourth straight month

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UAE motorists could see petrol prices increase for the fourth consecutive month in June as global oil prices remain elevated, driven by ongoing geopolitical tensions and supply concerns linked to the Strait of Hormuz. Market watchers say Brent crude has stayed above the $100 per barrel mark, signaling continued upward pressure on fuel costs amid regional instability. Since February, UAE fuel prices have risen significantly, with overall increases nearing 50%, impacting transportation and household budgets. Experts caution that prices could ease if diplomatic progress between the US and Iran reduces tensions in key shipping lanes, but volatility remains likely as geopolitical developments unfold.

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