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Office of Fair Trading Deem Manx Gas Price Hikes to be Reasonably Justified

Cost of Buying in Fuel for Manx Gas Increased by 20% Over Past 12 Months

The Office of Fair-trading has said after further investigations they determine the increase in tariffs at Manx Gas to be reasonably justified.

Natural Gas is set to go up by 5.5% with a 7.6% rise in Liquid Petroleum Gas from October 8th, the Company said the price hikes were a necessity in light of a forecast upward trend in prices over the coming year.

Prices of buying in the fuel have shot up by 20% in the past year.

The OFT estimate that with the increases the average family will be spending an additional £61 a year on Natural Gas, and £115 on LPG.

In conclusion the OFT say the increases illustrate the growing need for effective regulation of our energy suppliers.

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