‎Chemanol foresees 2.9% rise in total annual costs from fuel price change

‎Chemanol foresees 2.9% rise in total annual costs from fuel price change

Logo design of Methanol Chemicals Co. (Chemanol)


Methanol Chemicals Co. (Chemanolanticipates a 2.9% boost in overall yearly expenses after Saudi Arabian Oil Co.’s (Saudi Aramcocurrent fuel rate modification, based on its newest audited yearly monetary declarations.

The associated monetary effect is anticipated to appear beginning with the very first quarter of 2024, Chemanol stated in a declaration to Tadawul today, Jan. 4. It likewise indicated its strategy to enhance expenditures and outcomes.

Chemanol got a notification from Aramco today about changes to costs of fuel items utilized in the business’s operations, reliable Jan. 1, according to information assembled by Argaam

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