It's a scam. They will raise every month untill they reach 2.5 in 2018. That's the plan. Look remember when oil was $100 a barrel and the economy had lots of money and fuel was subsidized at 1 riyal per litre. Then the fuel prices FELL but Qatar had to increase prices because the government relies on oil/gas income to fund the countries growth. So they argued we have lost a lot of money since the oil prices FELL so we can't subsidize fuel we need to increase the price.
But wait now the price for oil in the global market is INCREASING, so technically the fuel prices should be decreasing because they are generating more revenue again. But now the arguement is that we switched to being a conventional economy with regard to fuel and so gas prices will increase as oil prices increase. End of the day oil goes back to $100 a barrel but rather than decreasing the price of gas back to 1 riyal they increase to 2.50 and say it's because oil is expensive!! They've done the old switcheroo on us all.
It's a scam. They will raise every month untill they reach 2.5 in 2018. That's the plan. Look remember when oil was $100 a barrel and the economy had lots of money and fuel was subsidized at 1 riyal per litre. Then the fuel prices FELL but Qatar had to increase prices because the government relies on oil/gas income to fund the countries growth. So they argued we have lost a lot of money since the oil prices FELL so we can't subsidize fuel we need to increase the price.
But wait now the price for oil in the global market is INCREASING, so technically the fuel prices should be decreasing because they are generating more revenue again. But now the arguement is that we switched to being a conventional economy with regard to fuel and so gas prices will increase as oil prices increase. End of the day oil goes back to $100 a barrel but rather than decreasing the price of gas back to 1 riyal they increase to 2.50 and say it's because oil is expensive!! They've done the old switcheroo on us all.