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Fuel prices in the UAE during February 2026: A decrease for the second consecutive month
The UAE Fuel Price Monitoring Committee decided to reduce gasoline and diesel prices across all categories during February 2026, according to an announcement by Emirates General Petroleum Corporation (Emirates) on the X platform.
This marks the second consecutive month of price reductions, following a decrease implemented in January, reflecting the local market's response to global energy market fluctuations.
New fuel prices in the UAE
According to the statement, the new fuel prices in the UAE per liter are as follows:
The price of a liter of Super 98 gasoline is AED 2.45, compared to AED* 2.53, a decrease of 3.2%.
The price of a liter of Special 95 gasoline is AED 2.33, compared to AED*2.42, a decrease of 3.7%.
The price of E-Plus 91 gasoline reached approximately AED 2.26, *
compared to AED 2.34, a decrease of 3.4%.
The price of diesel also decreased to AED 2.52, compared to AED 2.55, a drop of 1.2%.
(ADNOC Distribution fuel station - archive photo)
Global Oil Prices
The decision to reduce fuel prices in the UAE coincides with a nearly 5% decline in oil prices on Monday, heading towards their biggest single-day loss in over six months.
This comes after US President Donald Trump stated earlier in the week that Iran is "holding serious talks" with Washington, signaling a de-escalation with the OPEC member.
Brent crude futures fell $3.30, or 4.8%, to $66.02 a barrel by 9:28 AM Abu Dhabi time. US West Texas Intermediate crude dropped $3.23, or 5%, to $61.98 a barrel. Both crude oil benchmarks fell sharply from multi-month highs as the risk of a US military strike receded following Trump's remarks earlier in the week.
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The price decline also coincided with OPEC+ countries continuing to implement their decision to halt production increases during the first quarter of 2026. The group had previously agreed to gradual production increases aimed at stabilizing the market and preventing a new oil supply glut.
UAE Fuel Pricing Mechanism
The UAE's fuel pricing decision for February 2026 is based on the mechanism adopted since 2015. This mechanism relies on reviewing the average global prices of crude oil and its derivatives, in addition to transportation and distribution costs and profit margins. This mechanism helps absorb sharp fluctuations in global markets without fully transmitting the shocks to the local market.
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