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Gas Price to Increase Again from 1 Aug 18 & The Reason Behind It

2018-07-27 , 1:55 pm

Real Madrid might have the indomitable BBC, but Singapore has its own holy trinity too:

Electricity, Water and Gas Prices.

And really, after Mr Electricity and Miss Water were slated to increase their demands, we wouldn’t be surprised if Mdm Gas follows suit.

And suffice it to say that we weren’t surprised.

Town gas

From 1 Aug onwards, Singaporean households can expect to pay more for town gas.

Yay.

On 26 July, City Gas made an announcement nobody really looked forward to hearing: gas tariffs for households will increase by 3.78 per cent, or 0.70 cent per kilowatt-hour (kWh) for the period of 1 Aug to 31 Oct.

In essence, users will have to fork out a revised price of 19.23 cents (20.58 after Goods and Services Tax), up from the current tariff of 18.53 cents.

…

Err, should we start popping the confetti? Because I don’t really feel like doing it.

Why though

I mean, it’s pretty darn obvious that if its counterparts are gonna increase in price, gas would have to follow suit at one point or another as well.

(If not people can ditch their induction cooker and use gas stove instead)

But what politically correct reason is it this time around, though, you can’t help but wonder.

As it is, City Gas expressed that the hike can actually be attributed to an increase in fuel costs compared with the previous quarter.

Meanwhile, bulk tariffs for the minimum consumption of 1,000 kWh of gas per month will rise from 17.50 cents to 18.20 cents (19.47 cents after GST), while bulk tariffs for the minimum consumption of 50,000 kWh will increase from 16.98 cents to 17.68 cents (18.92 cents after GST).

For those wondering, City Gas isn’t exactly out to scam anyone (well, of course lah), as it reviews gas tariffs based on guidelines set by gas industry regulator, Energy Market Authority (EMA). So no, it’s not suka-suka–I-see-how-I’m-feeling-today on City Gas’ part.

I think.

Electricity and Water

Throughout the article I’ve made it a point to continuously bang on about electricity and water costs, but what exactly of it?

Well, just to put things into perspective, water prices were the ones that really kicked things into motion. With the first phase of the 30 per cent rise in water prices taking effect last July, the hike was accredited to higher operational costs and investments in water infrastructure.

Incidentally, it’s the first water hike implemented in 17 years. Unbelievable isn’t it?

I’m shook.

Similarly, electricity bills rose by 6.9 per cent between 1 July and 30 September, as utilities provider SP Group charged 23.65 cents per kWH (1.5 per cent more than kWH). SP Group blamed the increase on the higher cost of natural gas for electricity generation, and really we are just gonna take its word for it because technically, there’s nothing else we can do.

Keep yo water, keep yo electricity and keep yo gas

It’s crunch time, ladies and gentlemen. The Government’s out to get us.

So stop taking those horrendousely long 1 minute showers, plug in every single socket with some device and leave it on, and cease all those pointless cooking sessions because your boiled chicken breast is never going to taste any better.

Instead, be smart, be safe, and most of all, don’t give them what they want.

My question is: with these increases, would our hawker food prices increase as well? Is my $3.30 cai png going to part of history now?

Stay tuned, though I’m sure you won’t need to stay tuned for long.

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