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Monday, 27 February 2017

Saudi Arabia may raise gasoline prices by 30 pct from July | Reuters

Saudi Arabia may raise gasoline prices by 30 pct from July | Reuters:

"Saudi Arabia may increase its domestic gasoline prices by 30 percent from July, industry sources said, part of a reform plan by the world's top oil exporter to align its fuel prices with global benchmark levels. In December 2015 the kingdom raised the price of 95 octane gasoline to 0.90 riyal ($0.24) per litre from 0.60 riyal. However, that still kept Saudi Arabia among the countries with the cheapest gasoline prices in the world."



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