Lime Industries, subsidiary get Aramco notice on fuel price rise

02/01/2025 Argaam

Lime Industries, subsidiary get Aramco notice on fuel price rise

Logo of Saudi Lime Industries Co.

Saudi Lime Industries Co. and its subsidiary received an official notice from Saudi Arabian Oil Co. (Saudi Aramco) on an increase in fuel prices used in their business operations, effective as of Jan. 1, according to a Tadawul statement today, Jan. 2.

 

The relevant financial impact is represented in an increase in production costs. This impact is expected to materialize starting from H1 2025.

 

For more news on listed companies

 

In 2024, Lime Industries and its subsidiary joined the Industrial Sector Competitiveness Program, which would help curb the related financial impact while improving energy consumption efficiency.

 

The company confirmed that efforts are underway to implement its plans to reduce costs and enhance production and operational efficiency to minimize this impact.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read