Saudi King Slashes Domestic Gas Prices:What? They pay roughly fifty cents for a gallon of gas there?
Sun Apr 30, 8:01 PM ET
RIYADH, Saudi Arabia - With gasoline prices at historic highs in the United States and some other Western countries, Saudi King Abdullah issued a decree Sunday lowering domestic gasoline prices by about 25 percent.
The decrease will reach 30 percent by year's end, according to a government statement.
The drop in prices means Saudis now will pay 60 halalahs per liter of regular gasoline. There are 100 halalahs in the Saudi riyal, which is worth about 26 U.S. cents.
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Must be rough.
2 comments:
no you did the math wrong. they pay roughly .16 per gallon. good thing they are our friends or we would really be getting screwed.
Which pisses me off even more.
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