Thailand's Ministry of Energy says home LPG prices are bound to adjust

According to Thailand’s “World News” report on March 10, Thai Energy Minister Araar pointed out during the talks with state-owned enterprises that the energy policy for fiscal year 2012 will be implemented according to the original plan of the Ministry of Energy, including the construction of a stable energy policy and promotion of alternative energy policies. Energy development, management and control of energy prices are at reasonable levels.

Ara said that in the past due to the close relationship between the Ministry of Energy, PTT, BCP, and the Thai Electricity Authority, the outsiders mistakenly mixed the above-mentioned institutions. In fact, the Ministry of Energy only issued energy policies. The agency, so the Department of Energy is considering adding the features of the above agencies to make it clearly distinguishable. Some people suggested that the Department of Energy's Office of Energy Complex at Tai Oil Group be relocated to another place. The chances of relocation are high and two sites are considered. They are the Energy Planning and Policy Committee at Damme Road, Petchburi, And move to a place not far from the original location. In addition, senior leaders of state-owned enterprises will not be replaced and they should be able to assist the Ministry of Energy in implementing energy policies as planned.

Ara said that the adjustment of the LPG and NGV price system has authorized the Chulalongkorn University to conduct an inspection and is expected to be completed by April 2012. The price of home LPG must be adjusted because the current international LPG price is US$1,200 per ton, domestically only US$333, and international LPG prices are four times more expensive than domestic ones. At the same time, the price of LPG in neighboring countries is 40-50 baht per kilogram, and only 18.13 baht in domestic, resulting in an increase in the smuggling of LPG exports.

The Ministry of Energy will gradually raise the price of home LPG under the premise of considering the inflation rate, and help low-income groups through measures such as electricity tariff concessions. It is expected that the latest price adjustment will not exceed the September-October period of 2012, or fuel will be Excessive subsidies and substantial losses. Up to now, the loss of energy has reached 20 billion baht.

Ara added that the principle of gradual adjustment of the prices of home LPGs is to minimize the impact on people’s daily lives. Moreover, the current policies have been extended for 10 years and cannot reflect their true costs and price trends. Therefore, various agencies should communicate with the people. The reason for the increase in energy prices.

Anusuo, the general manager of the Refining Refinery, said that in favor of gradually raising the price of LPG for home use, it could avoid the problems caused by uneven prices, and considered raising the price of home-use LPG while coordinating electricity subsidies for low-income families. Relieve the people’s spending burden. In addition, the increase in international prices has led to a reduction in commissions for the fuel market. Currently, the market commission for gasoline is only 90 stats per liter and 1 liter per liter for diesel. Therefore, the fuel price has not decreased this week, but it has also maintained its original price for the next few weeks. The price of oil must be observed after the international oil price trend and make corresponding adjustments.