Cost of Diesel in Saudi Arabia Today

Fuel Price in Saudi Arabia - June 2022 - Updated on: 6/16/2022

In January 2016 following the “economic bomb” Saudi Arabia hiked fuel prices with 50%. Fuel price in Saudi Arabia is expected to fluctuate in the next period and Load-Me will present the changes as soon as they will occur.

Not only fuel prices were affected since January, but also there were cutbacks in subsidies for water and electricity. These extreme measures were set to counter record budget deficits that hit the Kingdom with the recent price drop for oil. The budget deficit was due to Saudi Arabia's dependency on it's oil resources (about 73 percent of the Kingdom 's revenues) causing a decline of the public revenues.

For many years petrol prices in the Kingdom of Saudi Arabia have been the cheapest in the Gulf and some of the lowest in the world. The recent cut in subsidies brings Saudi Arabia in line with most of its neighbors. At the beginning of 2016, Saudi Arabia increased the price of petrol by two-thirds to 0.75 riyals (AED 0.73) per liter from 0.45 riyals (AED 0.44) for 91-octane.

Update-January 1st 2018:Fuel prices increased again in Saudi Arabia: the price of Octane 91 fuel increased 82% and 95 Octane price was hiked with 126%. Diesel price suffered only a slight increase meaning that the impact on transportation should not be that high. The price increase comes as part of a national initiative to gradually turn off energy subsidies and boost economy. The new prices also include VAT.

Load-Me.com will continue to monitor prices and other relevant information for the entire Middle Eastern trucking and logistics industry. When new prices for fuel will be announced, the diesel price in Saudi Arabia will be available right here. We will also include a history of diesel costs for comparison.