Chitchat Gas prices going up from Feb 2017

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An honorable member of the Coffee Shop Has Just Posted the Following:

Very strange that although oil prices are falling that Spore is increasing electricity & gas prices. Anyone know who owns City Gas:confused:

I googled & found their URL, http://www.citygas.com.sg/about-us/#landingpage1-tab
Looks like ANOTHER PAP owned company :rolleyes:

http://www.channelnewsasia.com/news/...s/3480816.html

Gas prices to go up from Feb for Singapore households

SINGAPORE: Gas tariffs for households will increase by 4.5 per cent or 0.76 cent per kilowatt hour (kWh) from Feb 1 to Apr 30, 2017, City Gas announced on Tuesday (Jan 31). This means the tariff will be 17.61 cents per kWh for the three-month period.

The higher price is mainly due to a 20.8 per cent increase in fuel costs compared with the previous quarter.

City Gas said it reviews the tariffs based on guidelines set by the Energy Market Authority (EMA), the gas industry regulator.


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