Cooking Oil Prices Expected to Rise

[snoop1130]

 

BANGKOK (NNT) - The Energy Policy Administration Committee (EPAC) has announced that the price of liquefied petroleum gas (LPG), which is used for cooking in homes, will increase gradually over the next three months.

 

As authorities struggle to contain astronomical expenditures to fund an LPG price subsidy program, EPAC indicates that the price paid by consumers will be allowed to approach the current market price.

 

Permanent Secretary of the Ministry of Energy Kulit Sombatsiri said the LPG price, which is currently 363 baht per 15-kilogram standard cylinder, will increase to 378 baht next month and to 393 and 408 baht in August and September respectively. The current price of LPG on the market is 460 Thai Baht.

 

The new rates will be implemented in Bangkok and the surrounding provinces, while households in other provinces may incur additional expenses due to the addition of transportation costs.

 

Kulit stated that the new pricing measures are also necessary to increase the liquidity of the country’s Oil Fuel Fund, whose funds have been used to subsidize recent diesel and LPG subsidy programs.

 

The price of LPG had been set at 318 baht for several months before the government decided to raise it to 333 baht in April and then gradually to 363 baht this month.

 

In order to alleviate the financial burdens of low-income earners, the authorities have also agreed to extend a 100-baht discount on LPG until September 30. Currently, four million individuals receive discounts through the social welfare card program.

 

-- © Copyright NNT 2022-06-16

 

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[kotsak]

Cooking oil? ????????

[AhFarangJa]

Oil, Gas, Gas, Oil.................same same, but different.

[FriendlyFarang]

Wrong title?

[Bangkok Barry]

So in March the price was 318, and in September it will be 408. Cleverer people than me will be able to work out the percentage increase, but it's in line with huge increases of other things needed for everyday life in Thailand - like food. In the Real World prices rise by 2-3% (not including the current energy prices in some countries). In Thailand it's often 10 or 20x that.

[worgeordie]

Then the price of all street food goes up ,or smaller portions,

everything going up except wages ,the poorest having to tighten

their belts again , although they must be on the last hole now.......

regards Worgeordie

[Muhendis]

7 minutes ago, worgeordie said:

Then the price of all street food goes up ,or smaller portions,

everything going up except wages ,the poorest having to tighten

their belts again , although they must be on the last hole now.......

regards Worgeordie

That'l be fixed come the revolution.........????

[kotsak]

1 hour ago, worgeordie said:

Then the price of all street food goes up ,or smaller portions,

everything going up except wages ,the poorest having to tighten

their belts again , although they must be on the last hole now.......

regards Worgeordie

Experience shows that it's a double whammy, prices up and smaller portions.

[RafPinto]

Please do not talk to much about inflation.

If the first girlfriend gets additional money from her supporter, due to inflation, the word will go round very quickly.
Suddenly, every thai woman will become an inflation specialist.

[mstevens]

18 hours ago, Bangkok Barry said:

So in March the price was 318, and in September it will be 408. Cleverer people than me will be able to work out the percentage increase, but it's in line with huge increases of other things needed for everyday life in Thailand - like food. In the Real World prices rise by 2-3% (not including the current energy prices in some countries). In Thailand it's often 10 or 20x that.

Hate to say it, Barry, but in the real world prices are going up by a similar 30%. Inflation is running rampant all over the globe. In my part of the world many locally grown food items are up by 30% over the past year. Not imported food items but locally grown. It's not just Thailand.