Saudi Aramco Cuts Domestic Gasoline Prices

Saudi Aramco cuts domestic gasoline prices

Saudi Aramco has announced reduced domestic fuel prices for the period April-11th to May 10th, the Saudi Press Agency (SPA) reported.

New Price

Gasoline 91 – SR 1.31 (old price SR 1.55)

Gasoline 95 – SR 1.47 (old price SR 2.05)

The new prices will go into effect Saturday. According to Saudi Aramco, this is in accordance with the governance procedures of pricing adjustment of approved energy and water products.

Last February, Saudi Aramco said that starting from February 2020, domestic gasoline prices will be updated monthly on the 10th day of every month. The new prices will come into effect on the following day.

Fuel prices in the Kingdom are linked with export prices in the world market. Therefore, prices fluctuate according to changes in the international market, the company said.