Current Gasoline Prices in Saudi Arabia: Insights and Trends

As of 2023, the cost of gasoline in Saudi Arabia is strategically regulated to maintain a price ceiling of 2.18 Saudi riyals per liter for ethanol 91 fuel. This means that regardless of global fluctuations, the price is expected to stay at or below this level. Gasoline prices across all stations remain uniform, as the sector is under government oversight, with retailers benefiting from subsidies.

Historical Context

For historical reference, our last visit to the country was in 2015. At that time, regular gasoline (petrol) cost approximately 60 hellalas per liter, which is a 1/100th part of a Saudi riyal. Given the conversion rate of 1 Saudi riyal to 3.75 US dollars, this means a liter of gasoline in 2015 amounted to about 16 cents, or 61 cents per US gallon.

Conversion and Information Update

In July 2022, the price of gasoline was reported to be 3.35 US dollars per gallon. Current data indicates that the price has remained relatively stable, reflecting the government's regulatory approach to maintain affordable energy prices for consumers.

Gas Cylinder Costs

For residents and businesses, the cost of gas cylinders has seen notable increases. The old steel cylinder was priced at 150 Saudi riyals ($40 USD), while the newer fiberglass cylinder costs 390 riyals ($103 USD). Refilling either cylinder costs 16 riyals ($4 USD), providing a convenient solution for those reliant on gas for heating or cooking.

Government-Regulated Price Increases

A notable price increase occurred in December 2017. For instance, Octane 91 fuel, which had cost 75 hellalas per liter, was raised to SR1.37 per liter. Similarly, Octane 95 fuel, previously 90 hellalas per liter, was adjusted to SR2.04 per liter. Diesel for industrial and utility purposes saw a rise to SR0.378, while diesel for transportation and kerosene both remained unchanged at SR0.47 and SR0.64 per liter, respectively, including Value Added Tax (VAT).

According to reliable sources, these price adjustments have not seen significant changes since the initial announcements. The government's robust oversight ensures that consumers benefit from consistently priced fuel.

For the most up-to-date and detailed information on consumer fuel prices in Saudi Arabia, please refer to the following link: [Up-to-date consumer prices link here].

Conclusion

The regulation and subsidization of fuel prices in Saudi Arabia have significantly influenced the price stability of gasoline. While the cost has risen in recent years, the government's strategic pricing policies ensure that these costs remain manageable for the average consumer. As a result, travelers and residents can enjoy predictable and affordable fuel services, contributing to the overall economic stability and quality of life in the country.