Economy
Are You Eligible For Subsidies On Electricity And Water Bills In Oman?
Muscat: The Sultanate of Oman will slowly be lifting subsidies on electricity and water starting from January 1, 2021, as a part of the Medium-Term Fiscal Plan (MTFP).
As per the new decision, the subsidy removal will be in a phased manner, and incentives will only be applicable to those who are eligible for subsidies under the National Subsidy System (NSS).
These incentives will be provided through direct subsidies that represent 33 per cent of the value of the bill, up to a specific consumption ceiling of 4,000kWh/month for electricity. A similar mechanism will be applied to water in the coming months.
Who falls under the NSS?
- Families whose income is under RO500*, irrespective of the number of family members.
- Families whose income is RO750* or less, and there are five or more family members.
- Families whose income is RO1,000* or less, and there are seven or more members.
- Families whose income is RO1,250* or less, and there are nine or more family members.
Who is not eligible for the NSS?
- Families whose income is above 1,250*, irrespective of the number of family members.
* Income per month
Photo credit: Shutterstock
Source: ONA
-
Oil & Gas2 months ago
Oman Oil Exports Exceed 135.3m Barrels by End of June 2024
-
OERLive TV2 months ago
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
-
Commodities2 weeks ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
Banking & Finance4 weeks ago
Apple Pay Officially Launched in Oman
-
Uncategorized2 weeks ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
OER Magazines4 weeks ago
OER, September 2024
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, September 24
-
Investment3 weeks ago
With Over RO600M in Foreign Investments, Future Fund Oman Unveils the First Batch of Investment Projects with an Overall Value of RO830M+