Saudi Aramco announced new petrol prices and that it will be applied effective October 20, 2019. Reviewed prices for the 4th quarter will be as follows;
Petrol Grade 91: will be at 1.50 riyals per liter, and Petrol Grade95: will be at 2.05 riyals per liter
Prices are a little bit down from the last quarter prices which were as follows;
Petrol Grade 91: at 1.53 riyals per liter, Petrol Grade 95: at 2.18 riyals per liter
Saudi Aramco declared that petrol prices reduction is under the procedures of pricing adjustment of approved energy and water products. Aramco pointed out that the domestic prices of gasoline are subject to change up to or down as per the changes in export prices from the Kingdom to international markets.
— عبدالله البرقاوي (@albargawy) October 19, 2019
Since the petrol price reduction was slight, people’s comments on Twitter were comic.
On the other hand, some people think that the new prices are fine considering the recent attack on Saudi Aramco facilities, which had an impact on the global oil supply.
— April (@April8972) October 19, 2019