The company reduced the prices of gasoline 91 to reach 1.44 riyals, and gasoline 95 (1.59) riyals, compared to 47.1 riyals and 1.63 riyals, respectively (one dollar equals 3.35 riyals).Energy product prices are adjusted according to “Hawkamah” procedures to amend energy and water prices, noting that domestic energy products prices are subject to change, up or down, according to changes in export prices from the Kingdom to global markets.
Last February, Aramco announced the amendment of the period of periodic price review from quarterly to monthly, whereby the amendment takes place on the tenth day of each calendar month and the application takes place on the morning of the eleventh day, according to Hawkamah’s procedures to amend the prices of energy and water products.
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