Saudi Aramco announces new Gasoline prices after raising VAT

Abid Latif

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posted on 3 years ago — updated on 1 second ago

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Saudi Aramco announced new prices of gasoline Today, after the raising of 15% of Value Added Tax (VAT) from the 1st July 2020.

Saudi Aramco announces new Gasoline prices after raising 15% VAT

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The new prices of gasoline in Saudi Arabia from Today (1st July 2020) onwards

Gasoline 91 : 0.98 SAR per Liter

Gasoline 95 : 1.18 SAR per Liter

Diesel : 0.52 SAR per Liter

Kerosene : 0.70 SAR

LPG : 0.75 SAR

Saudi Aramco announces new Gasoline prices after raising 15% VAT

Today, Wednesday, the first of July 2020, the decision to raise the value-added tax rate to 15% came into force on all goods and services subject to it in commercial markets, after the announcement of Royal Order No. (A / 638) to amend Article (2) of the value-tax system Added value, which includes raising the tax rate from 5% to 15% on the eleventh of last May.

Abid Latif

Abid Latif is a highly experienced and knowledgeable professional specializing in Saudi Arabia's laws, regulations, and tech. He has lived and worked in Saudi Arabia for over 15 years and deeply understands the country's legal system, immigration policies, banking system, and telecom industry.