ENERGY

Saudi Aramco cuts domestic gasoline prices for fourth quarter

Saudi Aramco announced reduced domestic gasoline prices starting from October 20. (File photo: AP)

Saudi Aramco announced reduced domestic gasoline prices starting from October 20, 2019.

Aramco's 91 grade - used for most modern cars -  will be priced at 1.50 riyals per liter, down from 1.53 riyals per liter in the previous quarter. The 95 grade - used for high performance cars - will cost 2.05 riyals per liter, down from 2.18 riyals per liter.

According to Saudi Aramco, this is in accordance with the governance procedures of pricing adjustment of approved energy and water products, noting that the domestic prices of gasoline are subject to change due to changes in export prices from the Kingdom to international markets.

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Last Update: Sunday, 20 October 2019 KSA 09:16 - GMT 06:16
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