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Saudi Arabia slashes fuel prices substantially

May 11, 2020 | 01:51 AM
Saudi Arabia slashes fuel prices substantially
May 11, 2020 | 01:51 AM
Last Updated: May 11, 2020 | 06:27 AM
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Saudi Gazette report

RIYADH — Saudi Aramco has reduced fuel prices in the Kingdom starting Monday (May 11), Saudi Press Agency (SPA) reported early Monday.

Gasoline 91 will now be priced at SR0.67 per liter in place of SR1.31, while gasoline 95 will be priced at SR0.82 per liter from SR1.47 in the previous month.

The new prices have come into effect on Monday. According to Saudi Aramco, this is in accordance with the governance procedures of pricing adjustment of approved energy and water products.

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