Serious Gas Tariffs Up by 2.4% From May 1! Oil & Gas Industries Recovering!

[JohnTan]

SINGAPORE- Gas tariffs for households using City Gas will increase by 2.4 per cent or 43 cents per kilowatt hour (kwh), from May 1 to July 31.

The current price ranges from 17.61 cents to 18.04 cents per kwh.

For consumers, this means they will pay between $17.67 and $19.30 per month, depending on their consumption habits.


City Gas on Friday (April 28) said that the hike was due to a 9.2 per cent increase in fuel costs compared with the previous quarter.

The revised gas tariffs were based on the Energy Market Authority (EMA), which is the gas industry regulator, and the new prices have been approved by EMA.

City Gas supplies town gas and natural gas to commercial and industrial customers.

http://www.straitstimes.com/singapo...s-tariff-for-households-from-may-1-to-july-31

 

[mojito]

Everyone knows the best way to arrest an economic downturn is to raise prices! Economics 101. That will keep people spending.

 

[halsey02]

Everyone knows the best way to arrest an economic downturn is to raise prices! Economics 101. That will keep people spending.

But....there are many out of work, with families & no income, how to spend?

 

[eatshitndie]

But....there are many out of work, with families & no income, how to spend?

go online, cook up a sob story, and ask for donations.