If global crude oil prices continue low for the rest of November 2025, there may be a little decline in gasoline prices in the United Arab Emirates. In October, Brent’s average closing price was approximately $65.22 per barrel, down from $67 the previous month. This implies that when the UAE matches retail fuel prices with the worldwide rates at the end of the month, prices may be lowered.
Following a downward trend throughout most of October and a near five-month low due to concerns about a supply glut, the US’s announcement of sanctions on Russian oil companies has sent global oil prices climbing once more in recent days.
WTI and Brent, two oil types, were trading at $61.61 and $66.05 a barrel on Friday night. In October, the price of gasoline in the United Arab Emirates increased by seven fils per liter. Super 98, Special 95, and E-Plus 91 were priced by the Fuel Price Committee at Dh2.77, Dh2.58, and Dh2.71 per liter, respectively.
This month, Brent prices fell below $61 a barrel amid concerns about a supply surplus. Bank of America previously forecasted a price of $55, stating that the market will remain supported due to Opec+’s supply discipline and consistent Asian consumption. However, Citigroup anticipates that if economic momentum and geopolitical risk premiums wane, petroleum prices will continue to decline and reach $50.
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