Saudi Arabia may increase its domestic gasoline prices by 30% from July and a decision is yet to be taken on the exact increase and the mechanism for doing it, according to industry sources. "There might be a change in the date or the percentage of the increase in line with the financial burden that citizens may shoulder," sources added. The government raised the price of 95 octane gasoline to SAR0.90 (USD0.24) per litre from SAR0.60 in December 2015, and wants domestic fuel prices to be on a par with international levels by 2020. The fuel increase is linked to "The Citizen Account", from which cash handouts will be given to low to medium income Saudis. Policies and measures will be determined by a ministerial committee made of Ministers of Labour, Finance, Economy and Planning for the Citizens Account before 1 May, said Majed al-Osaimi, the General Supervisor of the Social Development sector and the Citizen Account. (Reuters)