Petro Rabigh sees cost of sales rising 0.9% on higher feedstock prices

04/01/2024 Argaam
Logo ofRabigh Refining and Petrochemical Co. (Petro Rabigh)

Logo of Rabigh Refining and Petrochemical Co. (Petro Rabigh) 

Rabigh Refining and Petrochemical Co. (Petro Rabigh) received an official notice from Saudi Aramco on hiking some feedstock prices starting from Jan. 1.  

 

In a statement to Tadawul, Petro Rabigh said it expects an increase of nearly 0.9% in the total cost of sales, based on the latest audited financial statements. 

 

The financial impact is seen to show in Q1 2024.  

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