Domestic Gasoline Prices To Be Raised By 13% In 2007
The Saudi government said on 23 June that the retail price of gasoline (95 octane) sold on the domestic market is to be raised by 13%. The cabinet has agreed that it should rise to SR1.02 ($0.27)/liter up from the current price of SR0.90/liter. The profit margin for gas station owners will rise from SR0.70 to SR0.90. The new rates will come into effect on 31 December 2006. In May 1999, gasoline prices...