NO. 30


Saudi Arabia

New Prices Dampen Domestic Demand And Permit Higher Product Exports

Only four months have passed since the Saudi Government introduced higherprices for domestic sales of a range of petroleum products, but there is nodoubt that the Kingdom's decision to loosen its highly-subsidized domestic pricesupport structure has had the hoped-for effect on internal consumption. Whilethe impact of the price rises have been felt across the product spectrum, thenew...