Saudi Arabia posts record budget deficit, to raise petrol prices by more than 50%

Zee NewsSaudi Arabia posts record budget deficit, to raise petrol prices by more than 50%Zee NewsThe council decided to raise the price of higher-grade unleaded petrol to 0.90 riyals ($0.24) per litre from 0.60 riyals, a hike of 50 percent, and for lower-grade petrol to 0.75 riyals ($0.20) from 0.45 riyals per litre, a 67 percent rise. Petrol ...

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