Saudi Arabia cuts fuel prices

Saudi Aramco has announced a reduction in fuel prices in the Kingdom starting Saturday (Apr. 11), Saudi Press Agency (SPA) reported.

Gasoline 91 will be priced at SR1.31 per liter from SR1.55 per liter in the previous month, while gasoline 95 will be priced at SR1.47 per liter from SR2.05.

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

Fuel prices in the Kingdom are linked with export prices in the world market. Therefore, prices fluctuate according to changes in the international market, the company said.

Source: Saudi Gazette