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.

"Gas Malaysia wishes to clarify that the tariff approval is not applicable to the sales of liquefied petroleum gas supplied in gas cylinders or bulk supply.

"The distribution tariff will continue to contribute positive returns from the regulated segment of the company for the financial year ending Dec 31, 2024,” it said. - Bernama