Mumbai, March 31: Tensions in the Middle East are having a significant impact on global fuel prices, with increases of up to 72 percent reported in the United States and the Gulf nation of the UAE. In the U.S., gasoline prices have surged to over $4 per gallon (approximately ₹380), marking the first time in three years that prices have reached this level.
According to U.S. media, the national average price for gasoline has risen to $4.018 per gallon, following a more than 30 percent increase since the U.S. and Israel launched attacks on Iran. Diesel prices in the U.S. have also seen a rise, exceeding $5 per gallon (around ₹475), with a more than 40 percent increase since the onset of tensions in the region.
In the Gulf countries, fuel prices are also on the rise. The UAE’s Fuel Price Committee has announced an increase that will take effect on April 1. Under the new pricing, the cost of Super 98 petrol will rise by approximately 30 percent to 3.39 dirhams per liter (around ₹87), up from 2.59 dirhams per liter. Special 95 petrol will see a nearly 32 percent increase to 3.28 dirhams per liter, previously priced at 2.48 dirhams per liter.
Record increases in diesel prices have been noted in the UAE, with a staggering 72 percent rise to 4.69 dirhams per liter (about ₹120), up from 2.72 dirhams per liter. The ongoing conflict involving the U.S., Israel, and Iran has led to a dramatic surge in crude oil prices, with benchmark Brent crude rising by 48 percent in a month to currently stand at $107.28 per barrel.