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Petrol prices in Saudi Arabia may go up by 80 percent

Petrol prices in Saudi Arabia may go up by 80 percent

Saudi Arabia sells petrol and other petroleum products for some of the lowest prices in the world. But recently, the Saudi Arabian government is trying to diversify its economy away from oil as the future of “black gold” is uncertain. As part of that, there are apparently plans to link fuel prices in the country to the varying international prices. This will bring an instant increase of up to 80 percent in the fuel prices.

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