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13-10-18
Saudi Aramco rejects reports of fuel prices raise
(MENAFN) After reports emerged of Saudi Aramco increasing its gasoline prices effective Saturday, the Kingdom's oil company issued a statement rejecting the rumors.
The Saudi company affirmed that it will use its official channels in case of any imposed alterations in fuel prices.
The gasoline prices of Saudi Arabia are assured to stay the same for this year's third quarter, as declared the Ministry of Energy, Industry and Mineral Resources on August.
Since 2015, the Kingdom began diminishing the subsidy on several goods, aiming to deal with the instability of international oil prices and strategies to see diversity in its economy and incomes.
MENAFN1310201800450000ID1097562926
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