Gas/petrol prices increase in Saudi Arabia.

[Smart_Guy]

It's been decided. Automotive fuel prices will be increased in a week. Gas/petrol will be ~$0.24US per liter for premium grade (95 European grade or ~92 US grade) and ~$0.2USD per liter for the regular (91 European grade or ~89 US grade).

Well, at least it is not that expensive compared to other places.

I think it will just screw up the expenditure plans and calculations. No real harm will come out of it... God forbid.

 

[~Darkseeker~]

Petrol in the UK for regular unleaded (95 Octane) is about 99p/litre and supreme unleaded (97-98 Octane) is about £1.05 a litre. That's the cheapest it's been here in more than 7 years!

 

[Smart_Guy]

I heard it's because of taxes. A British friend of mine says taxes for petrol are like 80%. That's just too much. Oh, we don't have taxes here

I believe in the UK the European octane (RON) grading is used. Here that's what we do.

 

[cb600fshornet]

A lot of the oil we use comes from the east anyway, so I guess you guys have much reduced shipping costs as the oil is already there!

At it's peak, in the UK, unleaded fuel was the equivalent of about $2.00USD per litre!

 

[Smart_Guy]

Now I know why they invented the hybrids

 

[strollin]

Back when I started driving, gas cost about US $0.29 per gallon here in California. 45 years later and it costs around US $2.25 per gallon, almost 8 times as much. Luckily, I earn about 40 times as much now as back then so it's more affordable for me today.

Somewhere around US $ 0.40 per gallon is taxes.

 

[Smart_Guy]

Taxes again? Are those everywhere?

Here we don't have taxes except for business firms and it is 2.5% of something.

 

[~Darkseeker~]

That's probably because you live where the stuff comes from most of the price we pay here and in the US is due to the cost of having to ship it halfway around the world I expect

 

[Smart_Guy]

Interesting! Kinda like paying customs for commercial stuff at entrance?

I heard there are taxes for watching TV (a license), owning a land and parking cars. Is this true?

 

[BK_123]

Where I live at the moment its 128.9 to 129.9 for unleaded. Cheapest I've seen it in months. States on the mainland were getting it a lot of cheaper and now its being investigated.