Public transport fares may increase by up to 7%: PTC
SINGAPORE: Public transport fares could increase by up to 7 per cent in the 2019 fare review exercise, said the Public Transport Council (PTC) on Tuesday (Sep 3). The annual fare review is based on a formula that takes into account energy prices, inflation and manpower costs. The formula, tweaked last year, also takes into account commuter […]
No electricity tariff hikes for domestic consumers
THE government will maintain the electricity tariff for domestic consumers for the first six months of 2020, while the surcharge for commercial and industrial users will be reduced. Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin (picture) said the Cabinet had agreed to set the rates for the period of Jan 1 […]
$4 bln LNG plant asking price too low: trade ministry
The Ministry of Industry and Trade is concerned the investor of a $4-billion power plant won’t be able to commit to its proposed electricity price tag. The trade ministry supports inclusion of a 3,200 MW liquefied natural gas-fired power plant in the Mekong Delta province of Bac Lieu as part of the national power plan. […]
Electricity tariff for domestic consumers to be maintained
THE electricity tariff for domestic consumers will be maintained, while the surcharge for non-domestic consumers will be reduced effective Jan 1 until June 30 next year, according to the Energy Commission (ST). Through the government-approved decision, 7.4 million domestic consumers would be exempted from paying the surcharge, while non-domestic consumers would enjoy a surcharge reduction […]
State to continue support for fuel price fund
HA NOI — The fuel price stabilisation fund helps the central government manage domestic fuel prices for the foreseeable future, said Hoàng Anh Tuấn, deputy head of the domestic market department under the Ministry of Industry and Trade in a recent meeting with industry leaders.
‘Doubt your electric bill? We climb power poles’
If consumers suspect their electric bill is too high, they can call their local electricity engineer’s office to double check their power usage and ensure the charge is correct, said U Khin Maung Win, deputy minister of Electricity and Energy.
Vietnam mulls bidding policy for solar power prices
The government is studying a plan to let investors bid on solar power prices after its incentive pricing policy has run out. The Ministry of Industry and Trade has been tasked with studying this possibility with assistance from the World Bank and the Asian Development Bank. It is to report its study results to the […]
Petrol drops, oil climbs
According to order of the ministries of Industry and Trade and Finance, petrol prices in Vietnam slightly declined while oil prices edged up as of 3 p.m. on December 16. Particularly, the price of E5 RON92 gasoline slid VND90 per liter to not higher than VND19,729 per liter; the price of RON95-III went down VND192 […]
Cooking oil gets costlier due to expensive imports from Malaysia and Indonesia
After onion and garlic, prices of edible oil have registered a sharp rise due to costlier imports. Consumers will have to dig deeper into their pockets as the cooking oil prices may rise further, say oil industry experts. Palm oil prices have shot up by Rs 20 a litre (more than 35 percent) in the […]
Cambodia plans to spend over US$100mil on subsidies by 2021
CAMBODIA plans to spend more than US$100 million (RM417 million) on subsidies by 2021 to reduce electricity tariffs and spur economic growth. The move is also to relieve the financial burden of businesses and households. Cambodian utility company Electricite du Cambodge (EdC) director general Keo Ratanak told The Phnom Penh Post that the government had […]