Breaking News: Power rates up 7%, gas price to be floated

Breaking News: Power rates up 7%, gas price to be floated

The federal government has raised electricity tariff by an average of 7.12 percent beginning June 1 as part of its subsidy reduction exercise.

The federal government has raised electricity tariff by an average of 7.12 percent beginning June 1 as part of its subsidy reduction exercise.

Natural gas prices are also set to rise by RM3 per mmBtu every six months until it reaches market levels by 2016, when its price would be fully floated.

Read Full Report: Malaysiakini