GCC Petrol Prices Remain Highly Competitive Globally in May

A new regional economic report highlights fuel cost variations across the Gulf.

Reviewing Regional Fuel Costs

A new economic report outlines retail petrol prices across the GCC. The data reflects May 2026 prices in US dollars. Analysts focused on Octane-95 gasoline for accurate international comparisons. They gathered data from official announcements and regional news outlets.

Finding the Best Value

Kuwait currently offers the cheapest gasoline at 0.34 USD per litre. Qatar fuel prices sit around 0.55 USD per litre. Saudi Arabia and Oman charge roughly 0.62 USD per litre. Bahrain prices reach approximately 0.71 USD per litre. These five nations remain significantly cheaper than global fuel averages.

Understanding Deregulated Markets

The UAE sets deregulated prices linked to global crude benchmarks. UAE drivers pay roughly 0.97 USD per litre currently. GCC countries typically fix retail fuel prices on a monthly schedule. Therefore, local pump prices show no daily variation within each country.

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