Saudi Aramco Cuts Local Fuel Prices
Saudi Aramco company has announced a reduction in fuel prices in the Kingdom.
Saudi Aramco company has announced a reduction in fuel prices in the Kingdom.
Hamdy Abdel Aziz, Spokesperson for the Ministry of Petroleum and Mineral Resources, invalidated the fuel prices shared on social media as of April 1.
Iran introduced gasoline rationing and price hikes of at least 50%, which led to the country’s unrest.
The Egyptian government is tasking a high-level committee to file recommendations, unbinding though, to the Cabinet about whether or not to increase fuel prices according to the new pricing indexation mechanism, s ...
Gasoline prices in Saudi Arabia witnessed another increase on July 14, and remain subject to changes in global export prices.
Egypt will start applying the new fuel pricing indexation mechanism to all petroleum products starting from Q4 2019.
Operations rooms at the Ministry of Petroleum and the Cabinet's Information and Decision Support Center (IDSC) are closely following fuel distribution and transportation prices.
The Egyptian Cabinet announced the new fuel prices on July 5, increasing prices by around 25% after subsidy cuts.
The Ministry of Finance has officially negated the rumors circulating social media platforms about new fuel prices.
Any price changes would only be announced in official statements from the Egyptian Cabinet, according to the Ministry of Petroleum’s Spokesman, Hamdy Abdel Aziz.