Saudi Aramco announced that it started reducing gasoline prices on October 20, according to Saudi Gazette.

Aramco’s 91 grade — used by the majority of modern cars — will be priced at 1.50 riyals per liter, down from 1.53 riyals per liter in Q3. The 95 grade — used for high performance cars — will cost 2.05 riyals per liter, down from 2.18 riyals per liter.

The decision to reduce prices was taken based on the governance procedures of pricing adjustment of approved energy and water products.

However, the domestic prices of gasoline are subject to change due to the different export prices from Saudi Arabia to international markets, the company revealed.