Power rates up 7pc June 1, gas prices also hiked
(Reuters) – PUTRAJAYA, May 30 — The Najib administration today said it will raise electricity prices by an average 7.12 per cent from June 1 in an effort to cut down on subsidies.
Officials said natural gas prices would also rise by RM3.00 per mmBtu each six months until it reached market levels.
Power prices would rise by as much as 2.3 sen per kilowatt hour.
The price charged by state oil company Petronas for power generation would rise to RM13.70 per mmBtu from RM10.70, they said.
