Gas prices to remain until the end of the year

Dateline Sept 11, NST:

Gas prices shall remain until the next revision at the end of the year. Despite falling fuel prices in the world market, gas supplied in Malaysia is still below world market price of around RM40 per mmbtu (million British thermal units), said Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili.

Gas is still being subsidised by the government, the minister said at the sidelines of International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2015 held here today.

Gas Malaysia Bhd, Malaysia’s supplier of natural gas had, since July 2015, raised tariffs by an average of 10.3 per cent for the fuel supplied to commercial and industrial sectors.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: