Hong Kong Consumers Prepare for Gas Tariff Hike Due to Increased Costs and Investments

Wednesday, 20 March 2024, 13:22

In Hong Kong, consumers may face higher gas tariffs as Towngas considers raising prices to support network infrastructure investments. With increasing costs and the need for further investment, managing director Peter Wong hints at a potential tariff lift this year. The move could have significant implications for residents, balancing the impact on household budgets with necessary infrastructure improvements.

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Hong Kong Consumers Could See Higher Gas Tariffs as Towngas Grapples with Rising Costs, Investments

Towngas, which last raised its basic tariff by 4.4 per cent in August 2022, is under pressure to lift gas tariffs this year 'as we need to invest further in our network infrastructure', managing director Peter Wong says.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.