NADEC receives notice of fuel price adjustment

02/01/2025 Argaam
Logo ofNational Agricultural Development Co. (NADEC)

Logo of National Agricultural Development Co. (NADEC)

National Agricultural Development Co. (NADEC) received a notice from Saudi Arabian Oil Co. (Saudi Aramco) regarding adjustments to the prices of fuel products used in its operational activities, effective Jan. 1.

 

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In a statement to Tadawul, the company said the fuel price adjustment is expected to increase operational costs by approximately 1.5%. This impact will be reflected starting in the first quarter of 2025.

 

To mitigate this effect, NADEC is working to enhance operational efficiency, optimize resource and fuel utilization, and expand the use of renewable energy sources as part of its sustainability strategy.

 

The company also reaffirmed its commitment to research and development in sustainable technologies to boost productivity and reduce dependence on conventional fuels.

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