Saudi King Abdullah bin Abdulaziz speaks to his Oil MinisterAli al-Nuaimi (L) during the opening of the permanent seat of the International Energy Forum in Riyadh (AFP)
RIYADH (AFP) – Saudi Arabia has vowed to continue to provide "enough" oil supplies, but called on leading consumer countries to cut taxes on petroleum products to alleviate hikes in world prices.
"The policy of the kingdom is based on reaching a reasonable and fair price for oil and to provide enough supplies to all the consumers," King Abdullah bin Abdel Aziz said.
"But all the efforts of the producing countries will not bear fruits if they are not met with a positive position by main consumer states," he said at the opening of the permament seat of the International Energy Forum in Riyadh.
"These states should alleviate the ordeal of their citizens by cutting taxes on petroleum products when prices increase," he said.
Saudi Arabia’s King Abdullah arrives to open the headquarters of International Energy Forum (R)
King Abdullah bin Abdulaziz salutes as he attends the opening of the permanent seat of the International Energy Forum in Riyadh (AFP)