Unit Gas Malaysia to raise tariff by 6%

August 13, 2016

Dateline 2016-07-04, Asia Review:

Gas Malaysia, partly owned by infrastructure company MMC Corp., is raising natural gas tariff in a move that analysts say will spare utilities from higher costs but may weigh on earnings of manufacturers which uses gas as an input.

The average gas tariff for heavy consumers and commercial users will rise by 6.0% to 27.05 ringgit per one million British thermal unit from July 15, Gas Malaysia said in a stock exchange filing. Selling prices for most residential customers meanwhile remained unchanged.

The increase in the piped-gas tariff will be “positive” in generating cash for national oil and gas producer Petroliam Nasional, or Petronas, while the impact on state-run power producer Tenaga Nasional is “likely to be neutral,” said Fitch Ratings.

 


Need to remove energy subsidies

October 14, 2013

Dateline 2013-09-03, NST:

WASTEFUL: Malaysians are not energy efficient and prone to abuse the low price of electricity

TENAGA Nasional Berhad (TNB)has dropped a hint that the electricity tariff in Malaysia in likely to be revised next year, citing the higher cost of fuel in recent years.

The recent statement by TNB’s president and chief executive officer suggests that the company is looking into increasing the power tariff while stressing that it will not burden households.


The Star – Plan to Lower Gas and Power Tariffs

February 4, 2009

As I have commented in my previous entry, you can feel theĀ  Hand of Jabba behind these announcements.

The Star Revise Gas Prices 2008-01-31

The Star Revise Gas Prices 2008-01-31

I’ve scanned the article from the Star. You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.