On Air Now Feel Good 80s 7:00pm - 10:00pm Email
Now Playing Get Down On It Kool & The Gang Download

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.

More from Isle of Man News


Recently Played

Listen Live