Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf
Green Car Congress
MAY 4, 2016
In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. They have raised prices on transportation fuel; three have increased prices on electricity and water in citizens’ homes; and electricity and water subsidies for businesses have been reduced in five of the six monarchies, the brief noted.