KUALA LUMPUR, July 17 — Electricity tariffs will be raised as the government looks to cut subsidies on fuel prices, a newspaper reported today, quoting a minister.
“Fuel price movements are the main factors for the electricity tariff revision,” Energy Minister Peter Chin was quoted as saying in the Business Times newspaper.
Global oil prices recently dropped to below US$60 (RM212) per barrel, after reaching a dizzying height of US$147 (RM520) last year.
He did not say when the increase in tariffs would take place.
Much of the electricity generated in Malaysia uses natural gas subsidised by the government.
National power company Tenaga Nasional had submitted a proposal for a tariff review to the government at the end of April.
The review in electricity tariffs was due this month but was postponed
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