GCC Fuel Prices February 2026: Latest Updates and Country-by-Country Breakdown

Fuel prices across the GCC have seen mixed movements in February 2026, with some countries implementing reductions while others maintain stability. The latest updates reveal a region where fuel remains significantly subsidized compared to global averages, but where subtle shifts are impacting daily driving costs.

Here's what you need to know about the current fuel landscape across the six Gulf Cooperation Council nations.

Saudi Arabia Fuel Prices: Diesel Hits All-Time High

Saudi Arabia's fuel prices, announced by Saudi Aramco on February 16, 2026, show diesel reaching an all-time high. The current rates stand at SAR 2.18 per liter for Gasoline 91 and SAR 2.33 per liter for Gasoline 95.

But here's the key development: Diesel is priced at SAR 1.79 per liter, unchanged from the previous month but up 7.8% from three months ago. This represents a record high for diesel in the Kingdom, reflecting ongoing global market pressures.

Saudi fuel prices remain linked to international benchmarks, with the government maintaining its subsidy program that keeps costs well below global averages.

UAE Fuel Prices: February Brings Welcome Reductions

The UAE's Fuel Price Committee announced February 2026 rates on January 31, bringing good news for drivers. Diesel now costs AED 2.52 per liter, down from AED 2.55 in January.

Premium fuels also saw reductions, with Super 98 dropping to AED 2.45 per liter from AED 2.53. Special 95 and E-Plus 91 grades also experienced slight decreases, providing relief at the pump for UAE motorists.

This marks a continuation of the UAE's monthly price adjustment mechanism, which links domestic fuel prices to international market trends while maintaining competitive rates within the region.

Qatar Fuel Prices: Across-the-Board Decreases

QatarEnergy announced fuel prices for February 2026 on January 31, implementing decreases across all fuel grades. Diesel is now QR 1.90 per liter, while Gasoline 95 (Super) costs QR 1.85 per liter.

The more economical Gasoline 91 (Premium) is priced at QR 1.80 per liter. These reductions follow global oil price trends and maintain Qatar's position as having some of the most affordable fuel in the region.

Qatar's fuel pricing strategy continues to balance international market linkages with domestic economic considerations, ensuring stable and predictable costs for consumers.

Bahrain Fuel Prices: Stability Maintained

Bahrain's Fuel Price Committee announced new rates on February 2, 2026, with Super 98 remaining unchanged at BD 0.265 per liter. Premium 95 also maintained its previous month's pricing, reflecting a period of stability in the Kingdom's fuel market.

This stability comes despite global market fluctuations, suggesting Bahrain's pricing mechanisms are effectively absorbing some volatility to protect consumers from sudden price spikes.

Kuwait Fuel Prices: Fixed Through March 2026

Kuwait has confirmed that fuel prices will remain unchanged through March 31, 2026, providing exceptional predictability for consumers. Ultra gasoline (98) costs KWD 0.200 per liter (200 fils), while Premium gasoline (91) is priced at KWD 0.085 per liter (85 fils).

This quarterly pricing approach offers Kuwaiti drivers certainty in their transportation budgets, a significant advantage for both individual motorists and commercial fleet operators.

Oman Fuel Prices: Competitive Regional Positioning

While specific per-liter prices weren't detailed in the latest announcements, Oman's gasoline prices are reported to be around $0.62-0.63 per liter, placing the Sultanate competitively alongside Saudi Arabia, UAE, and Bahrain.

Oman's fuel pricing continues to reflect its balancing act between international market exposure and domestic economic needs, maintaining affordability while gradually reducing subsidy burdens.

GCC Fuel Prices vs Global Averages: Still Heavily Subsidized

Here's the crucial context: GCC fuel prices remain dramatically lower than global averages. Saudi diesel, for instance, costs approximately USD 0.48 per liter compared to the global average of USD 1.20 per liter.

This substantial subsidy represents both a consumer benefit and a significant fiscal consideration for GCC governments. The region's fuel affordability continues to be a key factor in transportation costs, vehicle ownership patterns, and overall cost of living.

Impact on GCC Car Buyers and Daily Driving

For car buyers across the GCC, these fuel prices directly impact total cost of ownership calculations. The relatively low fuel costs make larger vehicles and less fuel-efficient models more economically viable than in regions with higher fuel prices.

Daily commuting costs remain manageable, with a typical 50-liter tank of Super 98 costing approximately:

• UAE: AED 122.50
• Saudi Arabia: SAR 116.50
• Qatar: QR 92.50

These affordable rates continue to support the GCC's car culture and preference for larger vehicles suited to regional conditions like desert driving and family transportation needs.

What's Next for GCC Fuel Prices?

Looking ahead, GCC fuel prices will continue to be influenced by several key factors:

Global oil market trends remain the primary driver, with OPEC+ production decisions and global demand patterns creating the baseline for regional pricing.

Government subsidy policies will determine how much of international price volatility gets passed through to consumers. Most GCC nations are gradually reforming subsidy systems while maintaining social stability.

Economic diversification efforts across the region may influence fuel pricing strategies as governments balance fiscal sustainability with consumer protection.

Seasonal demand patterns, particularly during summer months with increased air conditioning use, could create additional pressure on pricing decisions.

The Bottom Line for GCC Drivers

February 2026 brings a mixed picture across the GCC fuel landscape. While Saudi diesel hits record highs, other countries like UAE and Qatar are implementing welcome reductions. Kuwait offers exceptional price stability through March, while Bahrain maintains its current rates.

For now, GCC drivers continue to enjoy some of the world's most affordable fuel prices, a significant advantage that shapes vehicle choices, driving habits, and overall transportation economics across the region.

The key takeaway? Monitor monthly announcements in your specific country, as even small per-liter changes can add up significantly over a year of driving. With global oil markets remaining volatile, GCC fuel prices will continue their delicate balancing act between international realities and domestic priorities.

Source: Gulf Magazine