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Sources told Reuters on Monday that the cuts are primarily related to the heavy Arab crude.
Saudi official television reported last Friday that (Aramco) is about to raise local gasoline prices for this month of July.
According to the statement, the new price for gasoline 91 is 1.29 riyals instead of 0.98 riyals, and gasoline 95 will be at 1.44 riyals instead of 1.18 riyals.
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