Released on: July 21, 2008, 11:46 pm

Press Release Author: Gracy

Industry: Financial

Press Release Summary: The gas users of UK will be facing a tough time in the coming weeks with British Gas announcing its plans to raise gas prices by almost 30%. The peers of British gas are also considering similar plans.

Press Release Body: London (Longdogfinance) July 21, 2008: British Gas announced its plans to raise the price of its gas services by as much as 30%. Other market players are also expected to step into the shoes of British gas, which means that customers will be facing some torrid times.

Centrica, Britain\'s biggest energy company, has shelved its plans of announcing a gradual increase in the gas prices, owing to soaring losses. The 16 million customers of Centrica will be facing the brunt as the average gas prices are likely to stay around £800 a year. This means that an average Briton will pay close to £1,300 a year on gas and electricity bills.

The final decision on this gas prices\' rise is yet to come by the Board but there are several indications pointing that the same will be take place by end of this August. This has led to growing fears in the minds of almost six million households who will be plunging into fuel poverty once this price rise is announced. This has put the basic necessities more far from the reach of the customers in an already inflated UK economy. In UK, the absence of gas storage facilities, along with the expected gas prices\' rise news, will lead to more fuel poverty in the coming few months.

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