New Delhi, March 31: Tensions in the Middle East are having a significant impact worldwide, leading to fuel price increases of up to 72% in the United States and the Gulf nation of the UAE.
In the United States, 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 US media reports, the national average price for gasoline has risen to $4.018 per gallon. This increase of over 30% has occurred since the US and Israel launched attacks on Iran.
Diesel prices in the US have also seen a rise, surpassing $5 per gallon (around ₹475). Since the onset of tensions in the Middle East, diesel prices have increased by more than 40%.
In Gulf countries, similar trends are observed, with rising fuel prices. The UAE’s Fuel Price Committee has announced a price hike effective April 1.
Under the new pricing structure, the cost of Super 98 gasoline has increased by nearly 30%, now priced at 3.39 dirhams per liter (approximately ₹87), up from 2.59 dirhams.
Special 95 gasoline has seen a price rise of about 32%, now costing 3.28 dirhams per liter, compared to the previous price of 2.48 dirhams.
In the UAE, diesel prices have recorded a staggering increase of 72%, reaching 4.69 dirhams per liter (around ₹120), up from 2.72 dirhams.
The ongoing conflict involving the US, Israel, and Iran has led to a dramatic rise in crude oil prices. The benchmark Brent crude has surged by 48% in just one month, currently priced at $107.28 per barrel.
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