Dateline 2014-04-11, Reuters:
Gas Malaysia Bhd , the country’s sole supplier ofnatural gas to the non-power sector, said on Friday it has obtained government approval to raise the natural gas tariff in peninsular Malaysia from May 1.
The tariff adjustment follows a 14.89 percent rise in electricity charges announced in December as part of the government’s aim to cut subsidies and reduce its budget deficit.
The gas price hike is not applicable to liquefied petroleum gas or natural gas for vehicles. The tariff for residential consumers and those who consume less than 600 million metric British thermal unit (mmBtu) a year remain unchanged, according to a stock filing from Gas Malaysia.
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