Saudi Arabia: Al‑Jouf Cement announced that it received a notification from Saudi Aramco regarding adjustments to fuel prices used in its production operations. The company said that higher prices for heavy fuel oil are expected to increase production costs by around 11%. In addition, increased diesel prices used in transportation and logistics are estimated to add a further 3%, bringing the total projected rise in production costs to approximately 14%.
Al-Jouf Cement said it is currently evaluating the overall financial impact of these increases on its results, while also reviewing operational and technical measures to mitigate their effect.
