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Tuesday, 29 December 2015

Saudi to raise petrol prices by up to 40%

Saudi Arabia said Monday it was raising petrol prices by up to 40 percent from Tuesday as it cuts a range of subsidies after posting a record budget deficit.
Prices will also increase for electricity, water, diesel and kerosene under the cuts decided by the council of ministers headed by King Salman, the official SPA news agency reported.


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