The UAE is set to announce revised petrol and diesel rates for November on October 31, 2025, with indications pointing toward a possible decrease in fuel prices. This adjustment aligns with the downward trend in global crude oil prices observed throughout October. The average closing price of Brent crude stood at $65.22 per barrel this month, a decline from $67 in September, signaling a potential reduction in retail fuel costs. However, recent geopolitical developments, including US sanctions on Russian oil companies, have caused a temporary rebound in oil prices, with WTI and Brent trading at $61.61 and $66.05 per barrel, respectively, as of Friday night. In October, the UAE’s Fuel Price Committee increased petrol rates by seven fils per litre, setting Super 98, Special 95, and E-Plus 91 at Dh2.77, Dh2.58, and Dh2.71 per litre, respectively. Analysts remain divided on future price trends. While Bank of America maintains a $55 price forecast, citing steady Asian demand and OPEC+ supply discipline, Citigroup predicts further declines, potentially to $50, if economic momentum and geopolitical risks diminish. Nadir Belbarka, an analyst at XMArabia, highlighted the bearish outlook driven by projected supply increases of over three million barrels per day (bpd) in 2025 and 2.4 million bpd in 2026, coupled with slowing demand growth of just 700,000 bpd annually. Despite this, geopolitical tensions, including concerns over Russian exports and Iranian output, continue to provide some price support.