Senior Minister of State for Sustainability and the Environment, Dr Amy Khor, says that the increase in water price is meant to reflect the scarcity value of water and encourage consumers to save water.
Khor was replying to a question from PSP NCMP Leong Mun Wai, who asked in parliament if an even more progressive multi-pricing increase can be implemented instead of the current across the board water price hike.
Shooting down the idea, Khor said:
“Everybody, whether it’s individuals, households, businesses and communities, ought to pay the right price for water. And that’s why we don’t have an additional band.”
The water price hike of 18 percent will be implemented across 2024 and 2025.
This has caused much apprehension amongst the Singaporean public, who fear that prices of goods and services will all rise due to the water price hike as businesses pass on the increased costs to consumers.
The government has said that it will monitor the situation.