Saudi Arabia’s Ministry of Commerce and Investment has found 68 petrol stations violating rules by refraining to sell gasoline, after inspections of 1,597 stations.
Penalties were immediately imposed on the stations, and they were ordered to sell fuel, the ministry said.
The Kingdom’s energy ministry has hiked the prices of Octane 91 petrol by 83 percent to SAR 1.37 per liter, and Octane 95 by 127 percent to SAR 2.04 per liter, effective from today.
The move comes as part of the Fiscal Balance Program aimed to correct retail energy sale prices, to curb the rapid growth of domestic consumption and ensure efficient use of national resources.
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