Water rates in Metro Manila and nearby provinces will be increasing starting October 1 as the peso depreciated against the dollar and other foreign currencies.
Water concessionaire for the west zone, Metro Pacific-controlled Maynilad Water Services Inc., said in a statement that customers could expect an average of P0.30 per cubic meter. This translates to an increase of P5.52 in the water bill of a family of five consuming an average of 30 cubic meters of water per month.
On the other hand, water concessionaire for the east zone, Ayala-owned Manila Water Co. Inc, said its customers could expect an average increase of 1.6 percent or P0.31 per cubic meter.
This will be the second-straight quarter that the utilities will increase their rates because of the depreciation of the peso.
In the second quarter, Manila Water raised its rate by P0.21 per cubic meter and Maynilad, by P0.22 per cubic meter, also because of the softening of the peso.
Read the full article>>
Water concessionaire for the west zone, Metro Pacific-controlled Maynilad Water Services Inc., said in a statement that customers could expect an average of P0.30 per cubic meter. This translates to an increase of P5.52 in the water bill of a family of five consuming an average of 30 cubic meters of water per month.
On the other hand, water concessionaire for the east zone, Ayala-owned Manila Water Co. Inc, said its customers could expect an average increase of 1.6 percent or P0.31 per cubic meter.
This will be the second-straight quarter that the utilities will increase their rates because of the depreciation of the peso.
In the second quarter, Manila Water raised its rate by P0.21 per cubic meter and Maynilad, by P0.22 per cubic meter, also because of the softening of the peso.
Read the full article>>
Post a Comment