Saudi Arabia reduces Petrol Prices 33 %

[SaudiArabian]

Riyadh, April 30, SPA--

The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz issued today a royal decree on reducing petrol prices for consumers in the Kingdom to improve the standards of citizens' living.
The reduction will be as follows:

1- 60 halalas per petrol liter instead of 90 halalas including due charges till 10/12/1427H.

2- 60 halalas per /Octane 91/ petrol liter instead of 82 halalas

3- 75 halalas per /octane 95/ petrol liter instead of SR 1 including due charges as of 11/12/1427H

4- 25 halalas per diesel liter instead of 37 halalas
The new amendments are effective from Monday.
--SPA

2214 Local Time 1914 GMT

http://www.spa.gov.sa/English/details.php?id=357397




Al-Naimi Hails King’s Order To Slash Prices of Petrol and DieselRiyadh, May 1, SPA --

Minister of Petroleum and Mineral resources Eng Ali Al-Naimi has lauded the order of the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz to reduce prices of benzene and diesel, and said this development aims at serving the Saudi citizens.
In a statement to The Saudi Press Agency, Al-Naimi said this development will positively contribute to improving the standard of living of the citizens and will also lead to the reduction of transport fares.
"Reduction of prices of diesel will serve farmers notably small farmers and will lead to increase of their profits. Moreover, it will positively contribute to the development of the agricultural sector", he said.
It is worth mentioning that the Royal order stipulates reduction of the price of one liter of benzene from 90 halala to 60 halala, a liter of diesel from 37 halala to 25 halala in addition to the reduction of the liter of benzene (octane 91) to 60 halala from 82 halala as well as the reduction of a liter of benzene (octane 95) to 75 halala from SR 1.02.

-SPA 1438 Local Time 1138 GMT

http://www.spa.gov.sa/English/details.php?id=357585



for information on Saudi Arabia
http://en.wikipedia.org/wiki/Saudi_Arabia

[ShakesFIST]

So...in theory I should pay $2.00 a gallon now?

[XShipRider]

What's the tunnel toll from Cleveland?

Americans complaining about petrol prices in Saudi is akin to Europeans complaining
about gas prices in America. Every country pays what every country can justify
economically.

[ed316]

Saudi Arabia reduces Petrol Prices 33 %

Tell that to the speculators and hedge fund managers.

[signatory]

The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz issued today a royal decree on reducing petrol prices for consumers in the Kingdom to improve the standards of citizens' living.

Since we, the rest of the world, subsidise your low petrol prices wouldn't it have been nice to say "thank you" in that text somewhere. Just an idea ...

[Warlord]

Since we, the rest of the world, subsidise your low petrol prices wouldn't it have been nice to say "thank you" in that text somewhere. Just an idea ...

Huh? Where do you get this? First of all, if you buy your food directly from a farm and eat it there, you don't pay for the cost of transporting that any more. We're the source here. Secondly, Western countries have high oil taxes. As a result, Western countries are making more money out of ME oil than the Arabs themselves.

But check this out. A 500ml of bottled water here costs 1 riyals and a liter of petrol will cost 60/100 halalas.

Secondly, it goes good for US exports of SUV's here where you can find at least 1 SUV per household here. Everybody drives SUV's. Except me. I drive a beat up Honda making US$14k/year thanks. So petrol price should be like this.

[signatory]

Huh? Where do you get this? First of all, if you buy your food directly from a farm and eat it there, you don't pay for the cost of transporting that any more. We're the source here.

¨

What do you think pay for the state programmes ? All from roads, healthcare, schools to military. It's income from export sales of oil.

Thanks to the ever increasingly high price of oil, the State bring in more profit. Unlike in the west where petrol companies are privately owned, these are part of the state finances and can be ordered to lower the price as the overall finances of the state is healthy. Imagine if you had no export sales, do you think petrol would be as cheap? You can be pretty sure you would have high taxes on it to finance road system, healthcare etc.

[Laworkerbee]

Huh? Where do you get this? First of all, if you buy your food directly from a farm and eat it there, you don't pay for the cost of transporting that any more. We're the source here. Secondly, Western countries have high oil taxes. As a result, Western countries are making more money out of ME oil than the Arabs themselves.

But check this out. A 500ml of bottled water here costs 1 riyals and a liter of petrol will cost 60/100 halalas.

Secondly, it goes good for US exports of SUV's here where you can find at least 1 SUV per household here. Everybody drives SUV's. Except me. I drive a beat up Honda making US$14k/year thanks. So petrol price should be like this.

If I may ask what are you doing for work there?

[micronazi]

**** your US$14/year. I live here in the US and I only make US$20k/year and am paying US$3/gallon for gasoline which no has 10% Ethanol in it and still cost the same and before it did. Not to mention it's going to eat all the damn rubber **** in my car and then I'll have to buy another one which I can't afford because I only have US$200 left every month after I pay for all of my bills, not including a car note. Bah!

Regards,
micronazi

[tribal]

**** your US$14/year. I live here in the US and I only make US$20k/year and am paying US$3/gallon for gasoline which no has 10% Ethanol in it and still cost the same and before it did. Not to mention it's going to eat all the damn rubber **** in my car and then I'll have to buy another one which I can't afford because I only have US$200 left every month after I pay for all of my bills, not including a car note. Bah!

Regards,
micronazi

20k a year? you can make more than that working in mcdonalds. what do you do?

[Belrick]

In training to work for Mcdonalds?

[ShakesFIST]

Apprentice Burger Flipper?

[Warlord]

If I may ask what are you doing for work there?

I work in procurements. Legally I'm paid 14k. But I also have income derived from other sources that well.....I wont say..