Saudi Aramco, the world’s largest oil company, has announced new petroleum prices starting October 11, according to the company’s website.

The company lowered the price of Gasoline 91 to 1.44 riyals, and Gasoline 95 too 1.59 riyals as compared with the previous prices of  1.47 and 1.63, respectively.

Energy product prices are adjusted according to government procedures to amend energy and water prices, noting that domestic energy product prices are subject to change according to changes in export prices from the Kingdom to global markets.

Aramco announced in February that it will now review gasoline prices on a monthly basis as opposed to the old system of each quarter.