July gas price hike


Manageable: File picture shows a worker operating a control panel at TNB

PETALING JAYA: Tenaga Nasional Bhd (TNB) will have to pay more for the supply of gas from Petroliam Nasional Bhd (Petronas) from July 1 onwards.

But the electricity tariff will remain unchanged until end-December because TNB is able to absorb the higher cost of gas from savings amounting to RM1.1bil between January and June this year from the lower energy cost and benefits from the restructuring of the power purchase agreements (PPAs) amounting to RM300mil.

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