Yamama Cement says fuel price adjustment to raise production costs by 8%

Yamama Cement's headquarters

Yamama Cement Co. said that Saudi Arabian Oil Co.'s (Saudi Aramco) recent fuel price adjustment will lead to an estimated increase of 8% in annual production costs, according to a statement to Tadawul today, April 25.

 

 The relevant financial impact started to appear as of Jan. 1, the statement added. 

 

Yamama Cement earlier received a notice from Saudi Aramco on an adjustment in the prices of fuel products used in its operations and distributions, effective Jan. 1, 2024, Argaam reported.

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