Yanbu Cement: Fuel price hike to raise production costs by 10%

Yanbu Cement Co. headquarters

Yanbu Cement Co. said fuel price hike by Saudi Aramco will directly impact production costs, increasing them by nearly 10%.

 

The company also emphasized that it would work in the coming period to explore ways to mitigate the financial impact of this adjustment, noting that it will continue to implement plans to reduce costs as well as raise production and operational efficiency.

 

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According to data available to Argaam, Yanbu Cement was notified by Aramco of raising fuel prices, effective Jan. 1, 2025. The impact will be reflected in the company’s financial results starting in Q1 2025

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