Gas prices go up 20% for industries


Dateline 2014-04-15, Malaysia Chronicle,

Gas Malaysia Bhd has revised the natural gas tarriff for the non-power sector in Peninsula Malaysia with effect from May 1, 2014, a move likely to court further criticism from industries which had balked at the increase in electricity tariff earlier this year.

Last Friday, Gas Malaysia announced that gas prices would go up an average RM3.25 per million British thermal unit (MMBtu) for industries.

Those residential and retail commercial segments using an average annual gas consumption of 600 MMBtu and less got a reprieve from a tariff increase. It will also not apply to Liquefied Petroleum Gas (LPG) and Natural Gas for Vehicle (NGV).

Those with an average annual consumption of 601 MMBtu and above however will see an average increase of about 20% from RM16.45 MMBtu to RM19.32 MMBtu.

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This entry was posted on Tuesday, May 27th, 2014 at 6:00 am and is filed under engineering, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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