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News Saudi Arabian cement producers’ costs grow following rise in fuel prices

Saudi Arabian cement producers’ costs grow following rise in fuel prices

Written by Global Cement staff 04 January 2024
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Saudi Arabia: Utilities provider Saudi Aramco has notified Saudi Arabian cement producers of a rise in the price of its feedstock and fuel products from 1 January 2024. Zawya News has reported that Saudi Kayan Petrochemical Company forecast the effect of the price rise to be a 1.2% increase in producers’ cost of sales in 2024.

Yanbu Cement said “The impact of changing the price of fuel products will lead to an increase in the cost of production.” Umm Al-Qura Cement echoed the concern, while Saudi Cement Company said that it is working out the extent of the financial impact and will study ways to mitigate it.

Last modified on 10 January 2024
Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Yanbu Cement
  • Umm Al Qura Cement
  • Saudi Cement Co
  • costs
  • Fuel
  • fossil fuels
  • Oil
  • Saudi Aramco
  • Outlook
  • Forecast
  • GCW641
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