Saudi Arabia’s recent refusals to increasing oil production in defiance of the Biden administration has caused an uproar in the US as it was seen as Saudi defiance of its security partner. In order to crystallise the political reality, it is essential to understand the broader regional picture. Saudi Arabia, in recent months, has fiddled […]
A sudden surge in the prices of petroleum products by more than Rs. 10, in compliance with IMF dictation, has dropped a new petrol bomb on the people, who are already crushed by inflation. The people are skinned alive to achieve the target of Rs. 610 billion of petroleum development levy set by the IMF.