Saudi-listed Southern Province Cement Company has estimated that the cost of cement production will rise by 12.5 percent as a direct financial impact of Saudi Aramco's increase in fuel product prices.

The company will work in the coming period to examine ways to reduce the financial impact of the price changes, it said in a statement to the Saudi stock exchange on Sunday.

The company received notice from Aramco on an increase in fuel product prices used in cement production starting January 1.

Last month, Arabian Cement Company estimated that the cost of cement production would increase by 14 percent due to higher fuel product prices.

(Writing by D Madhura; Editing by Anoop Menon)


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