If LNG was used by Power Stations why steep price increase

I remember that incident because the LNG was the more stable energy source as decided many years ago. By now we should have our several power supply companies converting our power supply to at least 30% to LNG.

Moreover as in any business accounting the basis of charging for price increases is either "First-In-First-Out", "Last-In-First-Out" or Moving Average.

This basis was the only basis acceptable to IRAS. Why not use such a clearly accountable and transparent basis in adjusting oil-related price increases especially when you are a protected public or government-linked monopoly.

What is CASE's stand on this matter. How about Fair Trading Act? Has it contained a provision to prevent government-linked monopoly from exploiting customers or consumers misusing their monopoly positions for their own private selfish gains at the expense of the economic survival of the nation or against the public interest.

If our ministers are the talent worth millions in salaries they should be committed to such fundamental principles of governing the country and stop giving excuses like the need to adjust for oil price increases as clearly such excuses will make GLCs complacent instead of harnessing technology to our benefit.