Kuwait water, electricity prices up by 500 per cent

Electricity and water rates in Kuwait have been revised to encourage consumers to rationalize consumption, Dr. Mashaan Al Otaibi, assistant undersecretary of the ministry of electricity and water for planning and training, said in a statement.

The new rates, that came into effect in the investment sector on Tuesday, are five fils (nearly $0.016) per kWh and two dinars ($6.63) per 1,000 imperial gallons of water, he said at a press conference.

“The ministry started implementing the new program for increasing the tariffs of water and electricity today after finalizing all accounts of the investment sector and making sure that there are no consumers in debt”.

Source Credit: Khaleej Times
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