Macau authorities have increased the prices of natural gas supplies in the city, citing considerable price hikes in nearby regions that pushed their costs up by about 20 per cent.
The price increases were announced by the city’s leader in the Official Gazette yesterday, with the increases ranging between 8.23 per cent and 14.34 per cent.
According to an update from the Environmental Protections Bureau, for residents under category A, natural gas now costs MOP7.5758 (US$0.94) per cubic metre, up 8.23 per cent.
Users that are not residents under category B now have to pay MOP6.9882 per cubic metre, up 8.98 per cent.
Those considered major consumers and special consumers are charged at rates of MOP6.9124 per cubic metre and MOP4.5916 per cubic metre, up 9.09 per cent and 14.34 per cent respectively.
Nam Kwong Petroleum & Chemicals Co., under state-owned Nam Kwong Group; and Macau City Gas Company, were the two companies granted a concession to procure natural gas for the SAR.
The bureau said that it would continue to push the two companies to negotiate lower prices with their suppliers.
