Saudi Arabia's budget blowout sends petrol prices rocketing

[barryqwalsh]

Humbled by the slumping oil price, Saudi Arabia, long the world's major oil producer, has been forced to take an axe to government spending by slashing a host of subsidies - including the price of oil.

As a result, Saudis will be faced with steep rises in the price of petrol and a host of other charges as a range of government subsidies are reduced.

The reality check has seen the domestic oil price rise from 0.60 riyal to 0.98 riyal a litre (36¢), which is still around a quarter the price paid at the bowser by most Australian motorists.


Saudi Arabia's budget blowout sends petrol prices rocketing

 

[Moonglow]

Looks like it'll be one less blonde in the swimming pool this year.

 

[barryqwalsh]

They, along with the other Arab
dictatorships of the Persian Gulf, will still be welcome in Washington.

And the Russians are the problem, by supporting the Syrian dictatorship.

Good old hypocrisy!

 

[Moonglow]

They, along with the other Arab
dictatorships of the Persian Gulf, will still be welcome in Washington.

And the Russians are the problem, by supporting the Syrian dictatorship.

Good old hypocrisy!

Is a monarchy a dictatorship now?

 

[barryqwalsh]

They, along with the other Arab
dictatorships of the Persian Gulf, will still be welcome in Washington.

And the Russians are the problem, by supporting the Syrian dictatorship.

Good old hypocrisy!

Is a monarchy a dictatorship now?

Yes!

It is not a constitutional monarchy, with an elected government, like Australia, it is a brutal, barbaric regime. Look at how the Saudi Arabian dictatorship treats the country's Shiite minority.

 

[Indeependent]

So Drilling and Fracking will spike in the civilized world.