Qatar fuel prices
DUBAI: Qatar will raise its subsidised gasoline prices by at least 30 per cent at midnight on Friday, the state fuel company said, the latest Gulf country to cut its subsidies as global oil prices have hit a 12-year low. The state fuel company Woqod made the announcement in a Twitter post late Thursday, though the state-run Qatar News Agency and government officials did not immediately comment on the hike. Pictures circulated on social media showing price notices taped to gasoline pumps in the small, peninsular country set to host the 2022 World Cup. Woqod said prices for ‘super’ gasoline would go up to 1.30 Qatari riyals ($0.35) a litre from one Qatari riyal ($0.27), while ‘regular’ gasoline will sell for 1.15 Qatari riyals ($0.31) a litre, up from 0.85 Qatari riyals ($0.23). That means a ‘regular’ gallon of gasoline in Qatar would sell for about $1.17. The average US price for a gallon of regular gasoline is $1.93, according to AAA.