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Aramco Announces to Increase in Fuel Price for August 2021

Saudi Vision 2030

In line with the implementation of the goals set under the Saudi Vision 2030, Saudi Arabia has actually announced and practically implemented certain necessary required reforms. Besides the introduction of various entertainment, tourism and other similar activities, the Kingdom of Saudi Arabia has been focusing more on the overall subsidies provided to the Saudi citizens and Saudi expats in the past years. The Kingdom is slowly and steadily reducing the subsidy on oil prices as well and allowing the retail prices to increase to generate more revenue during the fiscal year.

Keeping in view, the increase, the Kingdom of Saudi Arabia is still one of the countries to provide the cheapest oil to its Saudi citizens and Saudi expats living in the country.

Fuel Price Remains the Same for the Month of August 2021

The Aramco has announced the maintained the same fuel prices for the month of August 2021 effective from August 11, 2021.

The benzene 95 has been increased from SR. 2.23 to SR.2.33 per liter (representing the increase of around 4.48% as compared to the last month) and the benzene 91 has also been increased from SR.2.08 to 2.18.

Product August 2021 July 2021
Benzene 91 2.18 2.18
Benzene 95 2.33 2.33

Comparison of Oil Prices  2021

The following table summarizes the pricing details of various categories of Benzene in the current and previous months of 2021.

Product May 2021 April  2021 March 2021 February 2021
Benzene 91 2.08 1.99 1.90 1.81
Benzene 95 2.23 2.13 2.04 1.94
Diesel 0.52 0.52 0.52 0.52
Kerosene 0.70 0.70 0.70 0.70
LPG 0.75 0.75 0.75 0.75

Source: Aramco

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