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Saudi to raise petrol prices by up to 40%

By AFP
28 December 2015   |   4:30 pm
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…

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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