Saudi Aramco cuts local fuel prices for May 2020

Saudi Aramco cuts local fuel prices for May 2020

Saudi Aramco has reduced local fuel prices in the kingdom starting on Monday (11 May), the Saudi Press Agency (SPA) reported.

Gasoline 91 will now be priced at SR 0.67 per liter instead of SR 1.31, while gasoline 95 will be priced at SR 0.82 per liter from SR 1.47 in the previous month.

The new prices came into effect on Monday. According to Saudi Aramco, this is in line with governance procedures for the pricing of approved energy and water products.