“Petro Rabigh” receives a notification from Aramco to adjust the prices of some fuel products

Rabigh Refining and Petrochemical Company (Petro Rabigh) received an official notification from the Saudi Arabian Oil Company (Saudi Aramco) stating that the prices of some (feedstock/fuel) products have been modified.
The company said in a statement on Saudi Tadawul that it is expected that the price increase will result in an increase in the total (cost of sales/cost of production) of the company by approximately (0.73%), according to the company’s latest audited annual financial statements, and this effect will appear starting in the first quarter of Fiscal year 2025 AD.
It should be noted that the company is continuing to work to enhance the efficiency of its business and develop it in a responsible and sustainable manner, as well as maximizing the benefits of the competitive infrastructure available in the Kingdom to achieve its strategic objectives.