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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Saudi Arabia is preparing to raise fuel prices next month

    Rocky
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    • Post n°1

    Saudi Arabia is preparing to raise fuel prices next month Empty Saudi Arabia is preparing to raise fuel prices next month

    Post by Rocky Thu 05 Oct 2017, 2:44 am

    [size=30]Saudi Arabia is preparing to raise fuel prices next month[/size]
    05/10/2017 09:43 | Number of readings: 42
    font size:  Saudi Arabia is preparing to raise fuel prices next month Font_decrease  Saudi Arabia is preparing to raise fuel prices next month Font_enlarge
    Saudi Arabia is preparing to raise fuel prices next month Thumbnail.php?file=alalam_636427079273761052_25f_4x3_311936168
    [rtl]Trend Press / Agencies[/rtl]
     
    [rtl]The oil-rich Arab Gulf region has announced three countries to raise gasoline and diesel prices for the month of October - the United Arab Emirates, Qatar and Oman - as Saudi Arabia prepares to keep up with them, leading to inflation in the prices of goods and services.[/rtl]
    [rtl]Oil prices rose to a two-year high in the Gulf region, with fuel and gasoline prices at record highs in Persian Gulf countries. The United Arab Emirates, Qatar and Oman reported significant increases in prices Gasoline and diesel for the month of October.[/rtl]
    [rtl]In view of the announced prices for this month, the UAE topped the other Gulf Arab countries with high gasoline prices, followed by Oman in second place, Qatar, Bahrain, Kuwait and finally Saudi Arabia.[/rtl]
    [rtl]Fuel prices in Saudi Arabia are the lowest in the Arab countries bordering the Persian Gulf, but the kingdom seeks to raise fuel prices by 80 percent in November 2017, while economists say that the salaries of Saudis are the lowest among these countries, and according to expectations, will lead Raising subsidies on fuel to inflation in prices of goods and services in the Kingdom.[/rtl]
    [rtl]Sources in the energy sector expected that the increase by 30 percent after 4 months from July 2017, in step to keep pace with international oil prices, will continue to increase in the following years, noting that electricity prices will also increase gradually with the exposure of service providers to increase in Fuel prices.[/rtl]
    [rtl]To ease public resentment over recent government economic measures, Saudi officials have confirmed that the rise in energy prices will be preceded by the start of the payment of benefits to beneficiaries of the government subsidy program known as the Citizen Account, which has received 11 million citizens so far. The fuel you will get and the accounts of citizens in the program are still empty.[/rtl]
    [rtl]The increase in the prices of gasoline, fuel and electricity in Saudi Arabia has many reasons, including the suffering of the Saudi economy as a result of low oil prices, as well as the plan to offer a share of Saudi Aramco and try to maximize its value before offering this share in the international stock exchanges and the low prices of hydrocarbons in the Kingdom , Which is the lowest globally, as well as the result of the large deficit in the budget this year and the coming years, following the global decline in oil prices, which lasted for years.[/rtl]
    [rtl]The Saudi government justifies raising the price of energy as an urgent economic need to face what it calls future challenges. In order to diversify the sources of national income within its alleged plan to rationalize spending and reduce budget dependence on oil revenues within the so-called "Vision 2030" Who pays the price first and last.[/rtl]

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