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:
Council wishes Bee Gee happy 80th birthday
Douglas Council's wished one of the Island's biggest stars a very happy birthday!
Warning over traffic delays as city centre work gets underway
A busy street in Douglas city centre will have temporary lights this week.
Cruise ship makes fifth visit of year
A cruise ship is making her fifth visit of the season to the Isle of Man today.
Bee Gee's birthday marked by family and fans
Barry Gibb's family and Bee Gees fans are on the island today to mark the star's 80th birthday.
Joanne smashes international cricket records
A woman from the Island has broken a cricketing record that had stood for almost a century.
Mountain Road shuts this morning
The Mountain Road is due to shut later this morning, as the Department of Infrastructure carries out work.
Coastguards and firefighters rescue boy from cliff
Coastguards and fire crews teamed up to save a boy who was hanging over a 36-foot cliff today.
12-seater ferry to Cumbria coming soon?
A new "minibus" ferry could soon be running from Cumbria to the Isle of Man.
