‎Firms get Aramco’s notice on feedstock, fuel price hikes

‎Firms get Aramco’s notice on feedstock, fuel price hikes ‎Firms get Aramco’s notice on feedstock, fuel price hikes

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Tadawul trading screen

Several Saudi-listed companies received today, Jan. 1, from Saudi Aramco on raising feedstock and fuel prices as of Jan. 1.

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The companies’ announcements included the relevant financial impact, as follows:

Companies that Received Aramco’s Notice

Company

Event

Financial Impact

Announcement

Southern Province

Fuel price adjustment

An increase in product costs

Details

Arabian Cement

Fuel price adjustment

A 10% rise in production costs

Details

Chemanol

Methane price adjustment

A rise of nearly 2.2% in annual costs

Details

Riyadh Cement

Fuel price adjustment

An increase in product costs

Details

Umm Al-Qura Cement

Fuel price adjustment

An increase in product costs

Details

NGDC

Natural gas price adjustment

A rise in annual revenue

Details

Saudi Aramco adjusted feedstock and fuel prices on Jan. 1, 2024.

 

Tadawul trading screen

Several Saudi-listed companies received today, Jan. 1, from Saudi Aramco on raising feedstock and fuel prices as of Jan. 1.

The companies’ announcements included the relevant financial impact, as follows:

Companies that Received Aramco’s Notice

Company

Event

Financial Impact

Announcement

Southern Province

Fuel price adjustment

An increase in product costs

Details

Arabian Cement

Fuel price adjustment

A 10% rise in production costs

Details

Chemanol

Methane price adjustment

A rise of nearly 2.2% in annual costs

Details

Riyadh Cement

Fuel price adjustment

An increase in product costs

Details

Umm Al-Qura Cement

Fuel price adjustment

An increase in product costs

Details

NGDC

Natural gas price adjustment

A rise in annual revenue

Details

Saudi Aramco adjusted feedstock and fuel prices on Jan. 1, 2024.

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