RIYADH — Saudi Arabia has decided to maintain the maximum local prices for gasoline (Octane 95) at SR2.33 and gasoline (Octane 91 octane) at SR2.18 per liter effective from July 10.
This decision to hold the fuel prices has been made based on the prices approved by the higher authorities for the month of June 2021. The Executive Committee made the price announcement for the Governance of the Price Adjustment of Energy and Water Products.
The price adjustment committee explained the decision and said the state would bear any difference that might exceed the June prices during the periodic monthly review.
The decision to maintain fuel prices comes as part of the Kingdom’s efforts to improve the citizen’s and residents’ living standards and support local economic activity.
According to the royal decree, the new price ceiling will apply to the July gasoline prices, which had actually risen to SR2.28 per liter for 91 Octane and SR2.44 per liter for Octane 95, but have been maintained at the rate of the June 21 prices for the ease of the people.