SAPTCO sees 2.8% rise in operating costs from diesel prices hike

05/01/2025 Argaam

SAPTCO sees 2.8% rise in operating costs from diesel prices hike

Logo of Saudi Public Transport Co. (SAPTCO)

Saudi Public Transport Co. (SAPTCO) announced the financial impact of the increase in diesel prices, which came into effect on Jan. 1, saying that this increase is expected to have a direct impact on its operating costs by 2.8%.

 

In a statement to Tadawul, the company added that this impact will appear as from Q1 2025.

 

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SAPTCO also highlighted that it recognizes the challenges arising from these changes and continues its steadfast commitment to implementing effective strategies that focus on enhancing operational efficiency and reducing costs.

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