KUALA LUMPUR (Dec 26): Gas Malaysia Bhd (KL:GASMSIA) said on Friday that it has raised the base average tariff for its natural gas distribution system to RM1.880 per gigajoule (GJ) per day.

The tariff will take effect under the third regulatory period (RP3), spanning Jan 1, 2026 to Dec 31, 2028, said Gas Malaysia, which operates natural gas pipelines and sells liquefied petroleum gas. 

The natural gas distribution system is operated by its wholly-owned subsidiary, Gas Malaysia Distribution Sdn Bhd (GMD). 

In a filing with Bursa Malaysia, the group said GMD’s distribution tariff under the incentive-based regulation (IBR) framework for all categories of utilisation has been increased to RM2.114 per GJ per day, after factoring in the annual IBR tariff adjustment.

The group clarified that the “tariff approval” does not apply to liquefied petroleum gas (LPG) supplied in cylinders or through bulk delivery.

“The distribution tariff for RP3 will continue to contribute positive returns from the regulated segment of the company for the financial year ending 31 December 2026,” it added. 

Previously, Gas Malaysia’s base average tariff was adjusted by RM0.005 per GJ per day for the period from Jan 1, 2025 to Dec 31, 2025. During this period, GMD’s IBR distribution tariff stood at RM1.568 per GJ per day.

Shares of Gas Malaysia rose one sen or 0.23% to RM4.31 at Friday’s noon break, giving it a market capitalisation of RM5.53 billion.