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Saudi Aramco Says Pump Malfunction Behind Fuel Shortage in Jazan

Saudi Aramco said it is working to fix a technical failure at a pump in Jazan as quickly as possible to provide petroleum derivatives on Wednesday. (File/AFP)
Saudi Aramco said it is working to fix a technical failure at a pump in Jazan as quickly as possible to provide petroleum derivatives on Wednesday. (File/AFP)
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Saudi Aramco Says Pump Malfunction Behind Fuel Shortage in Jazan

Saudi Aramco said it is working to fix a technical failure at a pump in Jazan as quickly as possible to provide petroleum derivatives on Wednesday. (File/AFP)
Saudi Aramco said it is working to fix a technical failure at a pump in Jazan as quickly as possible to provide petroleum derivatives on Wednesday. (File/AFP)

Saudi Aramco announced on Wednesday a malfunction in one of the pumps at the petroleum derivatives distribution station in Saudi Arabia’s southern region.

The state oil giant said its teams were working to fix the issue shortly.

“Our technical teams are working around the clock to fix the technical malfunction, as soon as possible, and provide the petroleum products that the Jazan region needs from the station, without interruption.”

It also said that supplies of petroleum products have gradually returned.

The failure occurred in one of the pumps at the petroleum derivatives distribution station in Jazan and led to a shortage in some petroleum derivatives at a number of fuel stations in the region.

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Russia’s Inflation Reaches 9.5% This Year, Weekly Data Shows

Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)
Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)
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Russia’s Inflation Reaches 9.5% This Year, Weekly Data Shows

Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)
Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)

Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday.

This data follows the central bank's unexpected decision last week to maintain its key interest rate at 21%. The regulator said recent tightening has created conditions conducive to reducing inflation towards its target of 4%.

The agency indicated that seasonally volatile prices for fruit and vegetables contributed significantly to the overall increase, with cucumber prices rising by 8.3% and tomato prices by 1.9% in just one week.

Among less seasonally sensitive foods, the price of eggs increased by 1.7%, and frozen fish by 1.4%. The central bank had initially estimated this year's inflation at a maximum of 8.5%.

The central bank's monetary policy department's head Andrei Gangan told the Interfax news agency on Dec. 24 that full-year inflation will be between 9.6% and 9.8%.

Inflationary expectations among households for the coming year also reached 13.9% in December, the highest level since the beginning of the year.

In a report on its inflationary expectations survey, the central bank said respondents were most concerned about rising prices for milk, dairy products, eggs, meat, and fish.

It also said respondents have begun to notice increases in the prices of home appliances and electronic devices.