Saudi Arabia plans 80pc hike in gasoline prices
OIL AND GAS NEWS
Saudi Arabia is considering raising domestic prices for gasoline and jet fuel by around 80 per cent from November, said a report.
Octane-91 grade gas price will increase from 75 halalas per liter to SR1.35 per liter, reported The Saudi Gazette, citing sources.
The price of octane-95 grade gas will increase by 72 halalas. It will be sold at SR1.62 per liter compared to 90 halalas at present.
After increase, car fuel price will reach SR18 for the same quantity that is being sold at SR10 at present, said the report.
Motorists will have to pay SR36 to fill car tank with a quantity that costs SR20 at present.
