rainbow77: a few points to help you understand :-)
- Qatar is more gas rich not oil rich
- generally, richer countries have higher prices than poorer countries
- fuel prices are revisited regularly in most countries, its just new for us here.
- fuel previously was subsidised here like many other countries; but with the global economic slowdown and lower crude oil prices, most countries have had to reduce some of the perks enjoyed by their people and find ways to increase their own revenues.
- the cheapest fuel in the world right now is venezuela at 65 dhs/ litre; priciest is iceland at 8 rials/ litre; global average is 4.2rials/liter.
- qatar still sells the 11th cheapest fuel in the world and within the gcc, only Kuwait is cheaper.
hope that helps :-)
rainbow77: a few points to help you understand :-)
- Qatar is more gas rich not oil rich
- generally, richer countries have higher prices than poorer countries
- fuel prices are revisited regularly in most countries, its just new for us here.
- fuel previously was subsidised here like many other countries; but with the global economic slowdown and lower crude oil prices, most countries have had to reduce some of the perks enjoyed by their people and find ways to increase their own revenues.
- the cheapest fuel in the world right now is venezuela at 65 dhs/ litre; priciest is iceland at 8 rials/ litre; global average is 4.2rials/liter.
- qatar still sells the 11th cheapest fuel in the world and within the gcc, only Kuwait is cheaper.
hope that helps :-)