As of June 2025, fuel prices in Saudi Arabia show a continued divergence in trends between gasoline and diesel, reflecting the government's ongoing energy subsidy reforms. While gasoline prices have been held steady by a government-imposed cap, diesel prices have seen a significant year-over-year increase.
For June 2025, the retail fuel prices as announced by Saudi Aramco are as follows:
The current pricing reflects a tale of two distinct government policies. In a move to alleviate the rising cost of living, the Saudi government placed a cap on domestic gasoline prices in July 2021, fixing them at their current rates. This policy has kept gasoline prices stable through 2024 and into the first half of 2025, with the government absorbing the cost of any increases above the set ceiling.
Conversely, diesel prices have been on a steady upward trend as part of a strategic, gradual reduction of subsidies under the Kingdom's Vision 2030 plan. The price of diesel saw a 53% increase in January 2024, followed by another 44% jump in January 2025 to its current price of 1.66 SAR per liter. An International Monetary Fund (IMF) report from June 2025 highlighted that diesel prices had effectively doubled since January 2024.
In the immediate future, gasoline prices are expected to remain stable as long as the government maintains the current price cap. However, the long-term outlook is less certain. The IMF has recommended that Saudi Arabia accelerate its energy subsidy reforms by removing the cap on gasoline prices. Should the government adopt this recommendation, consumers could see prices begin to fluctuate more in line with global oil market trends.