(King Abdullah) slashes petrol prices (for Saudis) by more than 30%

[truthpusher]

http://news.yahoo.com/s/afp/20060430/wl_mideast_afp/saudioilconsumerprice_060430193212

Saudi slashes petrol prices by more than 30 percent

8 minutes ago

Saudi King Abdullah ordered petrol prices in the oil-rich kingdom slashed by more than 30 percent, according to a copy of the decree carried by the official SPA news agency.

"In order to improve the living standards of citizens and for the public good, we have ordered that the price of one litre of petrol for the consumer be changed to 0.60 riyals (17 cents) instead of 0.90 riyals (24 cents) until 10/12/1427," the decree said, referring to the last month of the Muslim lunar calendar which would coincide with next January.

The decree, which becomes effective on Monday, also cut the price of one litre (0.26 gallon) of high octane petrol by 25 percent to 0.75 riyals (20 cents) and that of diesel fuel by almost 35 percent to 0.25 riyals (6 cents) per litre.

(snip)

link: http://news.yahoo.com/s/afp/20060430/wl_mideast_afp/saudioilconsumerprice_060430193212

[Julius Civitatus]

1. So, what did Bush sell them this time in exchange for this favor?

Another US port?
Security operations in our airports?
Military supplies?
Exclusive land rights in Beverly Hills?
An special office in the West Wing?

PS: Isn't it amazing how quickly the saudi royalty comes to the help of their boy Bush?

[stevekatz]

3. I think

you read this wrong

They cut prices for thier citizens in thier country..

Not what we're paying

[Julius Civitatus]

6. Aaaaaaaaaaaaaaaaahhhhhh

It makes a huge difference. Thanks for pointing that out.

They reduced the price only for themselves.

[saigon68]

10. In other news

[Prisoner_Number_Six]

2. Is that refined gasoline for them only, or for international sale also?

It's important- the article isn't clear on that point.

[ellenfl]

4. he cut prices at the pump for his citizens, not the price

of a barrel of oil. perhaps he is doing this to make dubya look bad. wouldn't that be precious!

ellen fl

[Ian David]

5. I think that's exactly what he's doing. n/t

[Prisoner_Number_Six]

7. Twisting the knife.

Allah Akbar!

[oneighty]

8. They can afford that cut

Good old U.S.A. drivers are paying more than enough to offset any financial loss.

180

[GoddessOfGuinness]

12. They ought to be able to afford to cut them even more...

But I guess they still want to ensure that the gap between their income and their subjects incomes remains astronomical.

[oneighty]

14. Hey Goddess

Soon as the oil runs out they will be down to selling sand and Camels.

I do not blame the oil countries for seeking a fair market value based on dwindling resources.

180

[FloridaPat]

9. Shipping charges are a bitch aren't they?

[ConcernedCanuk]

11. Imagine buying gas for 20 cents a gallon!

.
.
.

boggles my mind.

gas up here is around 1.10 a litre, that'd be comparable to 4 bucks a gallon for a US gallon - closer to 5 bucks a gallon for a Canuck(Imperial) gallon.

Costs me close to 25 bucks to fill up a 5-gallon gas can

Imagine filling it up for One buck!

I'd have enough left over to buy a case(24) of beer!

shit

makes me sad just to think of it

[JVS]

13. Is it possible to move to Saudi Arabia?