These listed firms get Aramco’s notice on feedstock, fuel price hikes

01/01/2025 Argaam Special
Tadawul trading screen

Tadawul trading screen


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

 

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

 

Listed Firms that Received Aramco’s Notice

Company

Event

Financial Impact

Announcement

Tabuk Cement​

Fuel price adjustment

Higher production cost 

Details

Petro Rabigh

Fuel, feedstock price adjustment

Almost 0.73% hike in cost of sales/cost of production 

Details

TADCO

Diesel price adjustment

5.6% increase in cost of sales

Details

United Mining

Gas price adjustment

Higher production cost

Details

National Gypsum

Fuel price adjustment

Higher production cost

Details

MARAFIQ

Energy price adjustment

13.48% increase in cost of sales

Details

GASCO

Diesel price adjustment

Additional cost estimated at nearly SAR 25 mln

Details

Saudi Cement

Fuel price adjustment

Nearly 8% increase in cost of production

Details

Northern Cement

Gas and diesel price adjustment

Nearly 3% increase in cost of sales

Details

Zoujaj

Gas price adjustment

Nearly 1.2% increase in cost of sales

Details

Nama Chemicals

Fuel price adjustment

Nearly 0.5% increase in cost of sales

Details

Lime Industries

Fuel price adjustment

Higher production cost

Details

Al-Jouf Agricultural

Fuel price adjustment

Nearly 10% increase in cost of sales

Details

Saudi Kayan

Feedstock price adjustment

Nearly 1.3% increase in cost of sales

Details

Luberef

Sale gas price adjustment

0.2% increase in cost of sales or nearly SAR 13.5 mln

Details

Yansab

Feedstock price adjustment

Nearly 2.6% increase in cost of sales

Details

SABIC AN

Feedstock price adjustment

Nearly 3.7% increase in cost of sales

Details

SABIC

Feedstock price adjustment

Nearly 1% increase in cost of sales

Details

NADEC

Fuel price adjustment

1.5% increase in operating cost

Details

Saudi Ceramics

Fuel price adjustment

Higher production cost

Details

Qassim Cement

Fuel price adjustment

Higher production cost

Details

Yamama Cement

Fuel price adjustment

Higher production cost

Details

Almarai

Diesel price adjustment

Additional cost of SAR 200M and an indirect cost as well

Details

Sipchem

Feedstock price adjustment

2% increase in cost of sales

Details

AMAK

Fuel price adjustment

2.5% increase in cost of sales

Details

SIIG

Fuel, feedstock price adjustment

Aggregate 1% increase in cost of sales from subsidiaries

Details

Yanbu Cement

Fuel price adjustment

Higher production cost

Details

Najran Cement

Fuel price adjustment

10% increase in operating cost

Details

Tasnee

Fuel, feedstock price adjustment

1.85% increase in cost of sales for subsidiaries and JVs

Details

Al Jouf Cement

Fuel price adjustment

Higher production cost

Details

City Cement

Fuel price adjustment

Higher production cost

Details

Northern Cement

Fuel price adjustment

Higher production cost

Details

Southern Province

Fuel price adjustment

Higher production cost

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

Higher production cost

Details

Umm Al-Qura Cement

Fuel price adjustment

Higher production cost

Details

NGDC

Natural gas price adjustment

Higher annual revenue

Details

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

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