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Friday, December 13, 2019 20:43 GMT
The world’s largest oil exporter has been gradually implementing energy subsidy cuts over the past few years, sending up the prices of electricity, gasoline and other fuels sold in the domestic market. Saudi Arabia is reviewing its plan to cut domestic energy subsidies as it tries to balance its budget without hurting businesses that have relied on cheap power for a competitive edge. “We have been asked by the government to re-study what would be the best pricing policy that we would adopt...More