EPAC extends LPG price fix to reduce living costs

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The Energy Policy Administration Committee (EPAC) has agreed to maintain the current price of LPG through the end of January in an effort to make the cost of living bearable for the general people. Furthermore, the marketing margin cap for high-speed diesel is being requested to be maintained by oil suppliers until March 31, 2023.

According to Energy Minister Supattanapong Punmeechaow, the Cabinet agreed to maintain the current LPG refinery pricing of 19 baht 98 satang per kilogram. That would mean the retail price of a 15-kilogram canister would remain at 408 baht from January 1, 2023, through December 31, 2023. The change was made to help consumers cope with rising living expenses. Since LPG prices on the international market tend to fluctuate, Mr. Supattanapong admitted that the move will make things more difficult for the Oil Fuel Fund. Price of LPG was $633.60 per tonne in the United States on November 29. Each 15-kilogram canister cost roughly 480 Thai Baht.

Participants at the EPAC meeting also requested that oil companies maintain a marketing margin for high-speed diesel of no more than 1 baht 40 satang per liter. Dates of validity are 1 January through 31 March 2023.

The committee also gave its stamp of approval to PTT Plc.’s raise of 1 baht per kilogram for NGV. Effective December 16th, this would mean that the price of NGV will rise to 17 baht 59 satang per kilogram. NGV will still be available for purchase at the subsidized price of 13 baht 62 satang per kilogram for taxi drivers who are part of PTT’s subsidized pricing plan. The latest that may happen is on March 15 of next year.

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