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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

How much does fuel cost in Arab countries?

Gasoline prices vary from country to country due to various factors.
  • The world usually buys gasoline at the same price, with the current global average being $1.21 per liter
  • However, the price at which gasoline is sold by each country varies because of national and provincial subsidies and tax rates

If you own or are dependent on any vehicle or a generator in any country in the Arab world, chances are you always keep an eye on fuel prices.

If they go up, travel and powering your home becomes costlier. If they go down, you have a little extra cash to splurge on yourself.

Now, the world usually buys gasoline at the same price, with the current global average being $1.21 per liter.

However, the price at which gasoline is sold by each country varies because of national and provincial subsidies and tax rates.

This price disparity is a reality for Arab countries as well.

However, merely producing great quantities of oil or having a shortage does not dictate whether a country will have the cheapest or costliest gasoline.

If that were the case, then fuel would have been cheapest in Saudi Arabia, and dearest in Lebanon.

Yet, these two are definitely not at the opposite extremities of the same spectrum.

Here’s how Arab countries stand when it comes to gasoline prices per liter: