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.

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This entry was posted on Saturday, October 10th, 2015 at 6:35 am and is filed under 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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