ALBAWABA – Saudi fuel subsidies exceeded those of all other major economies within the Group of 20 (G20) on a per capita basis in 2022, according to an International Monetary Fund (IMF) report released earlier this month. Overall Saudi fuel subsidies soared over the past two years, as global fossil fuel subsidies hit $7 trilling in 2022, with China ranking the biggest spender in absolute terms, at $2.2 trillion. Saudi ...