Tuesday, July 1, 2008

Gas price to stay, at least for now

A statement by the Economic Planning Unit of the Prime Minister's Departments says the government has decided to postpone plans to increase the price of gas supplied by Gas Malaysia Sdn Bhd.

Means that domestic and industrial consumers utilising less than 2 million sq ft daily do not have to worry about anything yet.

However, the postponement is temporary. Until when, nobody knows. The new price structure is suppose to go into effect today.

Just like the hike of petrol and diesel prices on June 4, we anticipate the new price for gas will go up by at least 30 per cent from the current retail price.

Just wait for the surprise!

1 comment:

Life Insurance Canada said...

Petrol prices all over the world..I am tired of it. As a Toronto life insurance broker gas prices are one of mine biggest expenses, when visiting clients, especially in sucha bif city and there are many other people (like realtors) who have to drive a lot. Manufacturer can include higher expenses in price of his product, but our incomes are usually derived from the price of a sold product, so we have no chance to influence it...