30% spike in Qatar petrol prices from Friday
Qatar is raising petrol prices by 30 per cent with effect from Friday, the official Qatar News Agency (QNA) reported, as low oil and gas prices put the squeeze on the national budget.
Like other Gulf states, it has been looking at cutting lavish consumer subsidies for fuel and other products and services.
The new price will still be one of the lowest in the world.
QNA did not say how much money the government expected to save with the reform.
Qatar's move follows similar moves by neighbouring countries.
Domestic fuel, water and electricity prices are currently among the lowest in the world because of heavy state subsides in the Gulf.
Saudi, the world's largest oil exporter, has set the price of 95 octane petrol at 0.90 riyals ($0.24) per litre, SPA said, up from the current price of 0.60 riyals per litre.
Here's a comparison of petrol prices in a number of Gulf countries in UAE Dirham terms (based on published data).
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