Saudi Arabia sets cap on gasoline prices to ease subsidy cuts

Inflation hit 5.7% in May

Foreign worker fills a car tank at a gas station in Qatif, eastern Saudi Arabia, last year (STR/AFP/Getty)

Saudi Arabia set a cap on domestic gasoline prices to help alleviate the impact of rising living costs. Fuel prices will be capped at June’s levels, or 2.18 riyals (58 cents) per litre of 91 octane and at 2.33 riyals (62 cents) per litre for the 95 …