Saudi Aramco slashes fuel prices substantially

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

Gasoline 91 reaches SAR0.67 per liter in place of SAR1.31. While gasoline 95 reaches SAR0.82 per liter from SAR1.47 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 as well as water products.