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Almarai Expects SAR70 Million in Additional Costs from Saudi Aramco's Diesel Price Hike

MT Newswires·01/05/2026 02:44:28
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02:44 AM EST, 01/05/2026 (MT Newswires) -- Almarai Co. (SASE:2280) expects 70 million Saudi riyals of additional costs following Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco's, increase in diesel prices, effective Jan. 1. The food and beverage company said Monday that in addition to this direct impact, the higher prices will also indirectly affect its supply chain. Almarai noted that it will try to mitigate the impact of higher diesel prices through business efficiency, cost optimization, and other measures.