Lower gas bills from Feb till end of April as oil prices fall: City Gas

SINGAPORE — With oil prices falling, households can expect lower gas bills from Feb 1 till the end of April.

The gas tariff for households will decrease by about 9 per cent, or 1.81 cents per kilowatt hour (kWh) — from 20.83 cents per kWh to 19.02 cents per kWh for the next three months, City Gas said today (Jan 29). “This is due to a drop in fuel costs compared to the previous quarter,” it said.

The revision represents the steepest decline in gas tariffs in recent years, and reflects the softening of oil prices, which are currently below US$50 per barrel after six months of declines.

Gas prices are reviewed by City Gas based on guidelines set by the Energy Market Authority, the gas industry regulator. City Gas supplies town gas to almost 90 per cent of residents living in new Housing Development Board estates and private properties.