Gas Malaysia adjusts 2024 distribution tariff by 4.5 sen/GJ/day

Gas Malaysia Bhd, through its subsidiary Gas Malaysia Distribution Sdn Bhd (GMD), is adjusting its distribution tariff by 4.5 sen per gigajoule per day (GJ/day), effective from January 1, 2024, until December 31, 2024. 

This adjustment, made through a rebate to the base average tariff, brings GMD’s allowed average tariff under the Incentive-Based Regulation (IBR) framework to RM1.528/GJ/day for the same period.

The tariff adjustment does not apply to the sales of liquefied petroleum gas supplied in gas cylinders or in bulk supply. 

The distribution tariff adjustment is expected to contribute positively to Gas Malaysia’s regulated segment’s returns for the financial year ending December 31, 2024. –TMR