Motorists in the UAE are eagerly awaiting whether fuel prices will rise or fall this week.

The UAE Fuel Price Committee always announces the latest pricing data on the last day of each month, so residents and citizens of the country will receive new information on February 28.

Since the beginning of this year, fuel prices in the UAE have remained quite stable.

For February 2025, the UAE announced retail fuel prices, which increased by 0.13 fils per liter compared to January 2025.

From February 1, 2025, Super 98 petrol costs AED 2.74 per liter (previously AED 2.61 in January), while Special 95 costs AED 2.63 per liter (compared to AED 2.50 a month earlier). In January 2025, petrol prices remained at the December 2024 level, which was the lowest in the past year.

Brent crude futures rose by 38 cents (0.5%) to $75.16 per barrel by 04:01 GMT. U.S. West Texas Intermediate (WTI) crude futures increased by 47 cents (0.7%) to $71.17 per barrel. Both contracts showed growth on Monday after a $2 drop last Friday.

On Monday, the U.S. imposed new sanctions on more than 30 brokers, tanker operators, and shipping companies for their role in transporting Iranian oil. President Donald Trump stated that he wants to completely halt oil exports from Iran.

Currently, fuel demand in the West also supports oil markets, according to some analysts.

"Global refining margins are looking confident, with strong positions in the fuel oil and distillates market, particularly in the USGC and NEW, benefiting from heating oil demand due to cold weather," noted Sparta Commodities analyst Neil Crosby in his statement, referring to the U.S. Gulf Coast and Northwest Europe. despite efforts by the two trading partners to address his concerns about border security and fentanyl. Analysts believe that the introduction of tariffs could negatively affect global oil demand growth.

The margin for a typical refinery in Singapore processing Dubai benchmark crude oil averaged $3.5 per barrel in February compared to $2.3 per barrel last month, according to LSEG data.

However, overall growth was limited by the uncertainty of demand prospects.

U.S. President Donald Trump said on Monday that tariffs on Canadian and Mexican imports, which are set to take effect on March 4, “remain in force and will be implemented on schedule” despite efforts by the two trading partners to address his concerns about border security and fentanyl. Analysts believe that the introduction of tariffs could negatively affect global oil demand growth.