Saudi :Explain Mechanism of Applying Prices of New Domestic Petroleum DerivativesSource: www.export-egypt.com 1/1/2018, Location: Middle East |
|
|
|
|
|
Further to the statement of the Ministry of Energy, Industry and Mineral Resources issued on the plan of the financial balance program to correct the prices of energy products (local oil derivatives) aimed at reducing the rapid growth in domestic consumption of energy products in the kingdom, the prices set forth in the table below shall be applied at the end of the last hour .
Corresponding to starting at twelve o'clock; midnight and the beginning of Monday 14 Rabi'II 1439 AH January 1, 2018, according to the following: Product Price (SR/L) Gasoline 911.37 Gasoline 952.04 Diesel (for industry and utilities)0.378 Diesel (transport) (unchanged)0.47 Kerosene (previous basic price unchanged) 0.64 Prices above include VAT. The regulatory authorities are monitoring the markets to ensure that prices are applied, not manipulated, and that supplies are not interrupted, and that legal penalties will be applied to anyone who raises prices before the stated date or stops providing products. Saudi Aramco will also provide its customers with detailed information on mechanisms of applying these prices. |
|
|
Financials and Investment News in Saudi Arabia >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Saudi Arabia Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | |
