M'sians to pay up to 8% more for piped natural gas
Businesses are also not spared from paying more from July, but electricity tariffs are kept unchanged; economy expected to be hit by the higher gas tariffs
Kuala Lumpur
ALREADY grappling with the soaring cost of living, Malaysians will have to fork out up to 8 per cent more in gas bills as the price of piped natural gas is set to increase from July 1. But a double whammy was averted when Putrajaya kept electricity tariffs unchanged.
Even so, the hike in gas prices - in the peninsula by RM1.50/MMBtu (or one million British thermal units) to RM19.70 from RM18.20 - is yet another burden for most Malaysians hurt by a diminishing ringgit.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Saudi Arabia hikes oil selling prices for all grades to Asia
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month