|21 October, 2019

Saudi Aramco cuts domestic gasoline prices for fourth quarter

According to Saudi Aramco, this is in accordance with the governance procedures of pricing adjustment of approved energy and water products

An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

REUTERS/Maxim Shemetov

RIYADH — Saudi Aramco announced reduced domestic gasoline prices starting from Oct. 20.

Aramco's 91 grade - used for most modern cars - will be priced at 1.50 riyals per liter, down from 1.53 riyals per liter in the previous quarter. The 95 grade - used for high performance cars - will cost 2.05 riyals per liter, down from 2.18 riyals per liter.

According to Saudi Aramco, this is in accordance with the governance procedures of pricing adjustment of approved energy and water products, noting that the domestic prices of gasoline are subject to change due to changes in export prices from the Kingdom to international markets. 

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