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Marafiq to Lift Energy Product Prices After Saudi Aramco Notice

MT Newswires·01/02/2026 00:04:03
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12:04 AM EST, 01/02/2026 (MT Newswires) -- Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, ordered Power and Water Utility Co. for Jubail and Yanbu (SASE:2083), d/b/a Marafiq, to raise its energy product prices, effective Thursday. The price adjustment is expected to increase the Saudi utility's cost of sales by 5.6% from the first quarter of 2026, according to a same-day release.