Saudi Arab Petrol Prices

by Forbes Middle East Forbes Middle East - Business News
Saudi Arabia raised its petrol prices on January 1, 2018, kickstarting its plan to gradually wean the economy off energy subsidies and to curb the rising domestic energy consumption.
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The Ministry of Energy, Industry and Mineral Resources announced an 82% increase in the price of Octane 91 fuel from 20 cents per liter to 37 cents per litre. Meanwhile there is a 126% hike in 95 Octane prices, up from 24 cents per litre to 55 cents per litre. Despite the increase in oil prices, the Kingdoms petrol prices are the 15th lowest in the world, according to

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Created on Jan 3rd 2018 00:42. Viewed 142 times.


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