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Gas Price Rise: Regulator assures Manx Gas won't make greater return

CURA discusses 'extremely volatile international markets'

The Island's utilities regulator - whilst deciding if new tariffs can be set - says it encourages Manx Gas to make efficiencies.

Next month the cost of gas will go up by a further 43.9 percent - it follows a 58 percent increase applied earlier this year.

It's due to a significant rise in wholesale costs.

All price hikes are reviewed by the Communications and Utilities Regulatory Authority to make sure Manx Gas is charging a price that reflects the cost of supplying it.

'It's impossible to tell at this point whether there'll be any further adjustments or increases needed to the tariff.'

Ivan Kiely is its chief executive:

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