Riyadh Cement says production costs to rise 9.6% on fuel price hike

13/01/2025 Argaam
Logo ofRiyadh Cement Co.

Logo of Riyadh Cement Co. 

Riyadh Cement Co. said Saudi Arabian Oil Co.’s (Saudi Aramco) adjustment of fuel product prices will result in a 9.6% increase in production costs, according to a Tadawul filing today, Jan. 13.

 

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The company received earlier a notice from Saudi Aramco on the adjustment in prices of fuel products used in production operations, effective as of Jan. 1, 2025, data compiled by Argaam showed.

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