Economy 52,882 Posted December 29, 2015 Share Posted December 29, 2015 http://news.yahoo.com/stung-low-oil-prices-saudi-makes-unprecedented-cuts-002732393.html Saudi Arabia made deep cuts to fuel subsities raising costs of hydro utilities, water, gasoline and even plane tickets. Gasoline which sold for 25 cents per litre went up 50% to around 40 cents per litre (still very cheap by international standards) The moves are in an attempt to control the budget deficit which for the 2014-2015 fiscal year was at $100 Billion for the Country of 30 million. They are attempting to cut deficit without decreasing funding for essentials such as healthcare, education and infrastructure Link to post Share on other sites More sharing options...
mmm 879 Posted December 29, 2015 Share Posted December 29, 2015 Gas stations today are filled with cars before the change happens haha but gas here is still cheap though $0.48 per gallon ($0.13 per liter) We also dont have taxes in our country but they started taking taxes if you own a land and dont build it or fence it. Link to post Share on other sites More sharing options...
Economy 52,882 Posted December 30, 2015 Author Share Posted December 30, 2015 3 hours ago, Fays1 said: Gas stations today are filled with cars before the change happens haha but gas here is still cheap though $0.48 per gallon ($0.13 per liter) We also dont have taxes in our country but they started taking taxes if you own a land and dont build it or fence it. The average there is 25 Cents. Must be cheaper in ur area Link to post Share on other sites More sharing options...
mmm 879 Posted December 30, 2015 Share Posted December 30, 2015 1 hour ago, Economy said: The average there is 25 Cents. Must be cheaper in ur area Sorry I meant its 0.48 cent before they raised the price. Link to post Share on other sites More sharing options...
Economy 52,882 Posted December 30, 2015 Author Share Posted December 30, 2015 38 minutes ago, Fays1 said: Sorry I meant its 0.48 cent before they raised the price. In US cents or in riyals? Link to post Share on other sites More sharing options...
mmm 879 Posted December 30, 2015 Share Posted December 30, 2015 7 hours ago, Economy said: In US cents or in riyals? US cents Link to post Share on other sites More sharing options...
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