Royal Directive Issued on Fixing Local Price Ceiling for Gasoline

  • 2/5/2023
  • 04:09
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Riyadh, July 10, 2021, SPA -- The Executive Committee for Governance of Amending Energy and Water Products' Prices has announced the issuance of a royal directive that the gasoline prices in June 2021 for gasoline (Octane 91/SR2.18) a liter and gasoline (Octane 95/SR2.33) a liter, too, shall remain as the local ceiling price for gasoline, as of July 10, 2021. The royal directive included that the state shall shoulder any increase over June pricing, during the monthly periodical revision of the pricing. This emanates from the keenness of the leadership on mitigating the burdens of the livelihood of citizens as well as residents, and its ongoing seeking to realize the public interest and to reinforce the local economic activity. According to the royal directive, the gasoline price for July 2021 that witnessed an increase (Octane 91/SR2.28) a liter and (Octane 95/SR2.44) a liter, will fall under the approved pricing ceiling, however, the periodic revision of pricing shall remain, noting that it shall not exceed the above-mentioned ceiling. --SPA 18:41 LOCAL TIME 15:41 GMT 0028 www.spa.gov.sa/w1583297

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