Saudi Aramco announces local gasoline prices for July

Saudi Arabian Oil Co. (Saudi Aramco) announced its updated domestic gasoline prices, effective tomorrow, July 11.

Saudi Aramco upped Octane 91 price to SAR 1.29 per liter for July from SAR 0.90 per liter in June. It also raised Octane 95 prices to SAR 1.44 per liter from SAR 1.08 per liter in June.

Gasoline Prices for July 2020
Product	June (SAR/L)	July (SAR/L)
Octane 91	0.90	1.29
Octane 95	1.08	1.44

Saudi Aramco had earlier announced its domestic gasoline prices for the period from 1 July – 10 July, in line with increasing the value-added tax (VAT) to 15% from 5%.

Saudi Aramco set Octane 91 prices at SAR 0.98 per liter. It also upped Octane 95 prices to SAR 1.18 per liter for the same period.

Saudi Aramco said starting from February 2020, domestic gasoline prices will be monthly updated on the 10th day of every month. The new prices will come into effect on the following day.

Local gasoline prices are subject to change, depending on the Kingdom’s export prices to international markets, Aramco added.

Gasoline prices in Saudi Arabia YTD
	Octane 91 (SAR/L)	Octane 95 (SAR/L)
January*	1.50	2.05
February	1.55	2.11
March	1.55	2.05
April	1.31	1.47
May	0.67	0.82
June**	0.90	1.08
July	1.29	1.44

*Prices set as part of the Q4 2019 periodical review

** Prices for the period from July 1-10 were set at SAR 0.98 per liter for Octane 91 and at SAR 1.28 per liter for Octane 95

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