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Hurt by cheap oil, Saudi government will make water more expensive

Saudi Arabia will raise the price of water for non-residential consumers, local media reported, a sign the government is cutting back an expensive system of subsidies as low oil prices strain its finances.

The rate for industrial, government or large corporate users will rise to 9 riyals ($2.40) per cubic meter from 4 riyals now, starting on Dec. 16, the local newspaper al-Watan reported in an article posted on the website of the Ministry of Water and...