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Riyadh Cement Flags 6% Increase in Production Costs Amid Higher Fuel Prices

MT Newswires·01/01/2026 08:12:44
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08:12 AM EST, 01/01/2026 (MT Newswires) -- Riyadh Cement Co. (SASE:3092) said Thursday that the increased fuel product prices by Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, would raise its production costs by 6%. The cement maker, which expects to record the impact of the price increase from its first-quarter results, noted it will explore ways to mitigate the financial impact of higher fuel costs. The new fuel prices are effective immediately.