Saudi Aramco to update gasoline prices on monthly basis as of Feb

State-owned Saudi Aramco announced the updated gasoline prices in Saudi Arabia starting from Feb. 16.

Gasoline 91 will be sold at SAR 1.55 per liter, while gasoline 95 will be priced at SAR 2.11 per liter.

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.

The giant oil producer had earlier reduced the prices of domestic gasoline for Q4 2019, as of today Oct. 20. Octane 91 price dropped to SAR 1.50 per liter from SAR 1.53, while Octane 95 was reduced to SAR 2.05 per liter versus SAR 2.18 per liter in the previous quarter.