Kingdom Channel – Petroleum Derivatives Prices Rise Next Month



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The commission on the pricing of petroleum derivatives at the Ministry of Energy and Mineral Resources, on Wednesday, intends to raise prices of petroleum derivatives for the month of August to various degrees, based on "high world prices".

The Committee decided to increase the selling price of 90 octane gasoline in August from 25 threads to 775 threads / liter instead of 750 threads / liter and 95 threads to 30 threads / 1,000 threads / liter instead of 970 threads / liter. Diesel and 15-wire petrol only at 605 wires / liter instead of 590 wires / liter The committee also decided to set the price of the gas cylinder at a price of 7 JD.

The committee met on Wednesday, July 31, to determine the selling prices of domestic petroleum derivatives during the period (August 1 to 31), when international prices for crude oil and petroleum derivatives were examined in Canada. during the month of July and compared to those of June. International prices rose sharply on the prices of petroleum derivatives during the month of July.

The Fuel Prices Committee has begun to apply the first clbad tax for the month of July, which reflects the total value of taxes, allowances and fees imposed on these derivatives. International prices for petroleum derivatives are reviewed monthly to determine the rate of change and reflect them on local prices. The value of the fixed tax remains constant regardless of whether the overall price fluctuates up or down.

Kingdom

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