Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 22): Gas Malaysia Bhd announced that the government has revised the natural gas tariff for the non-power sector in Peninsular Malaysia, which will come into effect on Jan 1, 2016.

In a filing with Bursa Malaysia, Gas Malaysia said the revision is in line with the national rationalisation plan, which includes the adjustment of piped gas price every six months, with the implementation of the gas cost pass through mechanism.

The previous tariff adjustment was done on June 8.

On average, the gas tariff has been increased by 17.11% to RM25.53/mmbtu (million British Thermal Units) from RM21.80/mmbtu.

The tariff for residential consumers, however, has been kept unchanged at RM19.52/mmbtu.

Consumers that use up to 600mmbtu annually, under tariff category B, will see a higher tariff of RM23.78/mmbtu, from RM20.30 previously.

The category C tariff (between 601mmbtu to 5,000mmbtu) will be 17.16% higher at RM23.90/mmbtu, while the category D tariff (between 5,001mmbtu to 50,000mmbtu) will go up 17.18% to RM24.14/mmbtu respectively.

The new tariff for categories E and F stood at RM25.19/mmbtu, from RM21.50/mmbtu previously, while those consuming more than 750,000mmbtu will be charged RM26.03/mmbtu, compared to the previous RM22.22/mmbtu.

Shares in Gas Malaysia rose 4 sen or 1.77% to close at RM2.30 today, valuing it at RM2.88 billion.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

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