Saudi Aramco has increased the fuel (Petrol & Gasoline) prices starting 16th February 2020.
Gasoline 91 price has been increased by 3%. Earlier Gasoline 91 prices was 1.50 SR and now its will be 1.55 SR. While Gasoline 95 price was also increase by 3% from 2.05 SR to 2.11 SR
Fuel Prices in Saudi
As per the news Fuel Prices in Saudi Arabia will be revised monthly on the 10th of every month. According to Saudi Aramco whenever there will be any revision in the Fuel price the effect in price will be made instantly on the same day itself going forward.
Saudi Aramco also said that these changes in fuel prices are in accordance with governance procedures of pricing adjustment of approved energy and water products.
Saudi Aramco is one of the largest fuel company in Saudi Arabia and the price changes on Fuel in Saudi Arabia will also effect global fuel prices as its linked with export prices in the world market.
Ministry of commerce has also warned to check that all the new fuel prices must be implemented across the Kingdom.