Thailand’s diesel price cap will last until May

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Amid soaring fuel prices around the world, Thailand’s diesel price cap of 30 baht per liter will last until the end of May. After that, a 40 billion baht loan that backs the capping grant is expected to run out. Thailand’s deputy prime minister, who is also energy minister, said the country needed to save energy while waiting for additional loans.

“We have to rely on ourselves… If everyone contributes to energy savings, the ceiling will last a long time, and if the prices go down, it will last even longer”.

On Wednesday, the National Energy Policy Committee decided to scrap borrowing limits set at 40 billion baht. This measure would require legal changes, as the current law does not allow NEPC management to seek loans larger than this.

The Minister, Supattanapong Punmeechaow, said yesterday that the Ministry of Energy and the Ministry of Finance will discuss how to help benzene users with state welfare cards. About 13.5 million people use these cards. He also said the government had helped people pay for cooking gas through its welfare card system with a 45 baht discount.

Workers in various industries, from boat tourism to ground transportation, have been angered and scared by the impact of rising fuel prices on their livelihoods. On Thursday, the Federation of Thai Industries called on the government to stop soaring fuel prices. In a survey, the FTI found that 75.2% of manufacturers were concerned about fuel costs.

THE SOURCE: Bangkok Post

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