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210738
Sun, 10/02/2011 - 14:31
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http://m.oananews.org//node/210738
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LPG, NGV prices in Thailand will be up next Jan 16
BANGKOK, October 2 (TNA) - Prices of liquefied petroleum gas (LPG) in transportation business and natural gas vehicle (NGV) will be increased from next January 16, said Energy Minister Pichai Naripthaphan.
Retail price for LPG used in the transportation business will be risen by 41 satang per litre starting from next January 16.
Also, the government plans to collect extra money for the Oil Fund for LPG used as raw material in petrochemical industry at one baht/kilogramme from next January 1 and for gasoline or benzine, and gasohol at one baht per litre monthly, starting from next January 16, Pichai said. Extra money will be collected for the Oil Fund from high-speed diesel oil at 60 satang per litre also from the same date.
The decision to restructure energy prices, except for LPG used by household sector of which prices will be maintained until the end of 2012, was made during a meeting of the Energy Policy Committee on Friday, he said.
The retail price for LPG used by the household sector stands at 18.13 baht per kilogramme was originally due to expire on Friday. However, its price will be kept at the current level until the end of next year.
Realising that money collected by the Oil Fund is now depleting, the government has decided to collect extra money with an aim to lessen the burden of the Oil Fund as the country has to import LPG as consumption has increased sharply due to huge expansion of petrochemical industry in the country.
NGV price will be maintained at 8.50 baht per kilogramme while the government has to pay the subsidy at 2 baht a kilogramme until next January 15 as the government has to prepare credit cards for used by taxi drivers and to also allow the drivers to convert their cars engine from using LPG to NGV. From next January 16 until the end of 2012, NGV price will be increased at 50 satang per kilogramme.
Pichai said restructuring prices of energy would enable the Oil Fund to have about 3.877 billion baht in net reserves at the end of 2012 while the Energy Policy Committee has allowed it to borrow about 10 billion baht from financial institutions with an aim to ensure that it would have sufficient money for reserves. (TNA)
Retail price for LPG used in the transportation business will be risen by 41 satang per litre starting from next January 16.
Also, the government plans to collect extra money for the Oil Fund for LPG used as raw material in petrochemical industry at one baht/kilogramme from next January 1 and for gasoline or benzine, and gasohol at one baht per litre monthly, starting from next January 16, Pichai said. Extra money will be collected for the Oil Fund from high-speed diesel oil at 60 satang per litre also from the same date.
The decision to restructure energy prices, except for LPG used by household sector of which prices will be maintained until the end of 2012, was made during a meeting of the Energy Policy Committee on Friday, he said.
The retail price for LPG used by the household sector stands at 18.13 baht per kilogramme was originally due to expire on Friday. However, its price will be kept at the current level until the end of next year.
Realising that money collected by the Oil Fund is now depleting, the government has decided to collect extra money with an aim to lessen the burden of the Oil Fund as the country has to import LPG as consumption has increased sharply due to huge expansion of petrochemical industry in the country.
NGV price will be maintained at 8.50 baht per kilogramme while the government has to pay the subsidy at 2 baht a kilogramme until next January 15 as the government has to prepare credit cards for used by taxi drivers and to also allow the drivers to convert their cars engine from using LPG to NGV. From next January 16 until the end of 2012, NGV price will be increased at 50 satang per kilogramme.
Pichai said restructuring prices of energy would enable the Oil Fund to have about 3.877 billion baht in net reserves at the end of 2012 while the Energy Policy Committee has allowed it to borrow about 10 billion baht from financial institutions with an aim to ensure that it would have sufficient money for reserves. (TNA)
