Iran Press/Middle East: The Saudi government's decision to increase gasoline prices comes after oil revenues fell 21.9 percent from a year earlier.
Following the decline in Saudi oil revenues, Saudi Finance Minister Mohammed Al-Jadaan has previously said that the government will have to cut back on living expenses.
The Saudi government also decided on May 6 to reduce the salaries of private-sector employees in Saudi Arabia by 40 percent to address the difficult conditions amid the coronavirus outbreak and the intensification of the economic crisis in Saudi Arabia.
104/219
Read More:
No Room for noncompliance over OPEC+ production cuts: Saudi Arabia
Kuwait, Saudi to halt oil production from joint field
Energy ministers of Russia and Saudi Arabia discuss oil market situation