As from beginning of next month Air Products will increase schedule pricing on liquid-bulk oxygen, nitrogen, and hydrogen by 10 per cent, and argon and helium by 20 per cent for merchant and government customers in North America.

The company will also increase its monthly service charge schedule pricing for storage and supply equipment, and eliminating discounts from schedule pricing for standard service offerings.

According to the gases giant the pricing initiatives are needed to address escalating material, labour, and energy costs associated with the production and distribution of its merchant gas products, and to support capital investment required to meet current and future demand.