Saudi News

New Oil Prices in Saudi Arabia (1st-July-2020)

Saudi Aramco has announced updated prices of gasoline Today, after the raising of 15% of Value Added Tax (VAT) from the 1st July 2020.
The new prices of gasoline in Saudi Arabia will be effective from Today (1st July 2020) onwards
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Gasoline 91 : 0.98 Riyals per Liter
Gasoline 95 : 1.18 Riyals per Liter
Diesel : 0.52 Riyals per Liter
Kerosene : 0.70 Riyals and LPG : 0.75 Riyals

The increase in oil prices is due to increase in Value Added Tax, which has been increased from 5% to 15% on sale and purchase of all goods in Saudi Arabia