Aramco just announced new gasoline prices in Saudi Arabia, starting today, February 16, 2020
Aramco just announced new gasoline prices in Saudi Arabia, starting today, February 16, 2020.
It is reported that on October 20, 2019, Aramco adjusted the price of gasoline and announced new new prices that were already applied last October. The company confirmed that the price changes come as a result of energy price governance procedures, stressing that they are subject to change according to international prices.
Gasoline prices fell today in the Kingdom of Saudi Arabia between 2% to 6%, and the price of gasoline 91 to 1.50 riyals per liter, compared to 1.53 riyals during the past 3 months, "September, August and July", a decrease of 2%.
As for Gasoline 95, it decreased then by 6% per liter, to record 2.05 Saudi riyals, compared to 2.18 riyals during the past three months. Aramco also plans to offer its first public offering in December or January next instead of February.
The value of the increase in gasoline prices in the Kingdom
Saudi Aramco announced the new gasoline prices as follows: -
Petrol 91 at 1.55 riyals per liter, i.e. a payment of 5 halalas.
Petrol 95 at 2.11 riyals per liter. That is, an increase of 6 halalas.
The commitment of the fuel stations in all regions of the Kingdom will be followed up with the application of the announced prices and verification by the Ministry of Commerce in Saudi Arabia, and the trade has revealed that violations can be reported through the Consumer Reports Center: 1900 in case of violations.