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.

Receive News Alerts on Whatsapp: +2348136370421

  • Curseless

    This move by Saudi strongly suggest that the economic crunch time have truly arrived

  • Artful ┬║Dodger

    Baby factory products and their Vanguard Newspaper can also blame the move on Buhari and his APC led federal government of Nigeria. The devil seem to have pitched his tents of hypocrisy in the SE of Nigeria nowadays!

  • honesty NO1

    I hope Saudi is not fishing in a troubled water ! !