Gas Malaysia distribution adjusts tariff down

KUALA LUMPUR: Gas Malaysia Bhd's wholly-owned subsidiary, Gas Malaysia Distribution Sdn Bhd (GMD) will adjust its rate by RM0.045 per gigajoules (GJ) per day through a rebate to its base average tariff for Jan 1-Dec 31, 2024.

Therefore, GMD’s allowed average tariff under the incentive-based regulation (IBR) for all types of utilisations is RM1.528/GJ per day during the period, Gas Malaysia said in a filing with Bursa Malaysia today.