The firm says it's due to a 10% profit margin not being met
The Chief Executive of Manx Gas, Jo Cox, says any imminent price rise is out of their hands.
The energy supplier's asking the Island's regulator to increase tariffs for the second time in recent months due to continuing high global costs.
Around twenty-thousand customers bills were recently hit by a hike of twenty-seven and a half per cent.
Mrs Cox says Manx Gas is currently running at a loss.
Isle of Man Government welcomes Middle East ceasefire
Israel and Lebanon have agreed a three-week pause in fighting
Police warn school leavers underage drinking has 'serious consequences'
Year 11s set to go on study leave over the next week
Gas supplier provides reassurance amid ongoing global market volatility
Isle of Man Energy expects any price rise in June to be 'modest'
Farmers in race against time after freight backlog in Heysham
Concern for crops and animals after delays to feed and fertiliser deliveries