Go ahead, rub it in: While gasoline prices reach sky high levels here in the US and in other countries, Saudi King Abdullah issued a decree Sunday lowering gas prices by around 25% for Saudi citizens. They’ll be paying roughly 60 cents a gallon…
The drop in prices means Saudis now will be paying 60 halalahs per liter of regular gasoline, or about 60 US cents a gallon. The price of super drops to about 76 US cents a gallon. There are 100 halalahs in the Saudi riyal, which is worth about 26 U.S. cents.
The statement said the king issued the decree to ease the "cost of living burden on Saudi citizens."….
Saudi King Slashes Gasoline Prices At Home By About 25% – Dow Jones Newswires
