GASCO says adjusted LPG sale prices won’t impact net income

12/06/2022 Argaam
Logo of GASCO

Logo of GASCO

National Gas and Industrialization Co. (GASCO) received a letter from the Ministry of Energy regarding adjustment to the liquefied petroleum gas (LPG) selling prices, effective from June 11, the company said in a statement to Tadawul.

 

GASCO ruled out that the current adjustments will have any material financial impact on its net income during the coming period.

 

On June 10, Saudi Aramco updated the prices of LPG and kerosine, adding that it will be revised on an annual basis, Argaam reported.

 

GASCO stated that the price of refilling a gas cylinder is SAR 18.85, including value-added tax (VAT) and does not include transportation fees from distribution stations to sales outlets.

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