Saudi Aramco Announces Gasoline Prices for 1445 in Saudi Arabia
Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, plays a crucial role in setting and announcing the gasoline prices in the country. Due to their impact on daily life and the economy at large, the citizens and residents are keenly awaiting the announcements.
Aramco: Monthly Price Revision
The company is committed to conducting regular reviews of fuel prices and to announcing them monthly. The company revealed the new gasoline prices in the Kingdom, with a notable increase of 19% in gasoline prices for October 2023 compared to the previous months. Aramco released the official statement regarding the new prices on October 10, 2023.
At the beginning of 2023, Saudi Aramco announced the updated prices for all types of gasoline. The price of gasoline for Octane 90 reached 2.18 Saudi Riyals. The price of Octane 95 high quality reached 2.99 Saudi Riyals. Additionally, the price of diesel reached 0.52 Saudi Riyals, the price of kerosene reached 0.70 Saudi Riyals, and the price of liquefied petroleum gas (LPG) reached 0.75 Saudi Riyals.
Aramco Announcement: Public Anticipation
The citizens of Saudi Arabia awaited the announcement of new gasoline prices for the year 1445H by Saudi Aramco.
As per the directives of the Kingdom’s government, Aramco issued an official statement on October 10, 2023, as usual. The company announces fuel prices on this day of every Gregorian month. It applies these new prices starting from the next day, October 11, 2023.
The government of Saudi Arabia is closely monitoring and directing the pricing of gasoline. Due to the government’s directives, the company announced the new prices for October 2023, ensuring the alignment of fuel pricing with the economic and energy policies of the Kingdom.