‎Arabian Cement notified by Aramco of fuel price hike

‎Arabian Cement notified by Aramco of fuel price hike ‎Arabian Cement notified by Aramco of fuel price hike

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Logo of Arabian Cement Co.

Arabian Cement Co. received today, Jan. 1, a notice from Saudi Arabian Oil Co. (Saudi Aramco) on raising the prices of fuel products as of Jan. 1, 2025.

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In a statement to Tadawul, the cement producer estimated the direct financial impact at a 10% rise nearly in production costs.

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The company will work on reducing this impact on its financial results, the statement added.

 

Logo of Arabian Cement Co.

Arabian Cement Co. received today, Jan. 1, a notice from Saudi Arabian Oil Co. (Saudi Aramco) on raising the prices of fuel products as of Jan. 1, 2025.

In a statement to Tadawul, the cement producer estimated the direct financial impact at a 10% rise nearly in production costs.

For more news on listed companies

The company will work on reducing this impact on its financial results, the statement added.

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