Riyadh (Monitoring Desk) The next month Saudi Arabia is going to increase its cost of one thing at a cost of 80 percent to hear the surprise of Pakistanis. According to the Bloomberg report, Saudi Arabia has decided to raise petrol prices up to 80 percent in its local market. In general, this decision will be implemented till January 1, 2018. The aim is to increase the oil prices in the international market. The price reduces the decrease in price and the difference in domestic volatile prices.
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According to the report, the cost of petrol will increase 1.35 times (about Rs.39) in Saudi Arabia under the increase. According to sources of the Saudi government, the gasoline price will be increased only once, while jet fuel and remaining fuels Prices will be gradually increased between 2018 and 2021. It is clear that before the country's largest producer, the United Arab Emirates 2015 has already increased its value by eliminating the subsidy on petrol.
Source: Daily Pakistan
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