[News] Gasoline prices in Saudi Arabia for the month of July 2021, after the decision to “install the ceiling”

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And Saudi Arabia decided to fix gasoline prices at a specific ceiling, so that the maximum price is the one in force for the month of last June, provided that the decision enters into force as of today.

 

The Saudi Press Agency, "SPA", said that gasoline prices for the month of July 2021 witnessed an increase, as the price of octane 91 gasoline reached 2.28 riyals per liter, and octane 95 gasoline, worth 2.44 riyals per liter, but it is not the prices that the consumer will pay.

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These prices are higher than those set last June, by about 10 halalas per liter of 91 octane gasoline, and 11 halalas per liter of 59 octane gasoline.

However, under the generous guidance of the Saudi leadership, the Kingdom decided to bear this increase, provided that the consumer pays at the old price set last June.

 

 

Gasoline prices in Saudi Arabia for the month of July 2021

This means that gasoline prices for the month of June are the same as for the month of July, set at 2.18 riyals per liter / octane 91, and 2.33 riyals per liter / octane 95.

The decision to "install the ceiling"

Under the decision, the state will bear what may exceed the prices of the month of June when the monthly price review.

This means that gasoline prices for the month of June, set at 2.18 riyals per liter / octane 91, and 2.33 riyals per liter / octane 95, will be the maximum prices for gasoline, and prices will not exceed that, and may even decrease.

 

"SPA" said that the decision was taken by the Executive Committee for the Governance of Adjusting the Prices of Energy and Water Products, under a generous directive, based on the Saudi leadership's keenness to reduce the living burdens of citizens and residents, and its continuous endeavor to achieve the public interest and support local economic activity.

The directive ensured that the state would bear what may exceed the prices of the month of June when the monthly price review.

The agency said that the periodic review of prices continues, not exceeding the mentioned ceiling.