Oman to phase out water and electricity subsidies in 5 years
Dubai: Oman announced on Sunday that it will phase out water and electricity subsidies starting from January 2021 until 2025, local media reported. 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. The decisions come as part of an initiative to reorient electricity and water subsidy, which is one of the initi...
Source: gulfnews.com