The Office of Fair Trading says recent hikes in gas prices do meet terms of a regulatory agreement.
In May, Manx Gas announced prices would rise by 3.5 per cent from the start of this month.
In the House of Keys yesterday, Chairman of the Office of Fair Trading Martyn Perkins claimed the agreement between the company and the government to cap profits is the best way of managing the supply.
He says the agreement fixes prices at a level he feels is fair:
Weather warning for tonight and tomorrow
Forecasters say we can expect more coastal overtopping during the next two high tides.
Mountain Railway damaged by gales
One of the Island's historic railways will be out of action until at least Thursday.
Ten local authorities looking for members in December elections
There'll be a big day for local authorities in December - when 10 by-elections are due to be held.
Don't sweat Met threat on internet
If you've had emails from the Metropolitan Police containing legal threats about an investigation that needs your cooperation, don't panic.
Commissioners unveil mission statement for parish
A local authority in the west of the Island has unveiled its mission statement after months of consideration.
Douglas Council says its annual firework display will take place on the first evening of late-night shopping in the run-up to Christmas.
DOI ready to close roads if needed as overtopping hits coasts
The Department of Infrastructure says its staff will be on hand to close if needed roads this morning.
Storm damage closes promenade in Laxey
Laxey promenade is due to stay closed for much of today for cleanup work after last night's storm.
