Oman to phase out water and electricity subsidies in five years By: ONA Muscat: Oman will phase out water and electricity subsidies starting from January 2021 until 2025. Dr. Mohammed bin Hamad Al Rumhy, Chairman of the Board of Directors of Authority for Public Services Regulation (APSR), issued decisions announcing the Cost-Reflective Tariffs (CRT) Regulation and the Permitted Tariffs Regulation for connection and supply of electricity and amending some provisions of the drinking water supply tariffs. These decisions come as part of an initiative to reorient electricity and water subsidy, which is one of the initiatives of the Fiscal Balance Plan (2020-2024) that seeks to lay grounds for the Sultanate’s financial sustainability and upgrade the efficiency of government spending and the social security system.