Higher Fuel Tariffs Postponed to Next Month

[webfact]

 

by Paul Rujopakarn

    

BANGKOK (NNT) - The government will postpone a fuel tariff increase scheduled for August as officials look for additional ways to relieve financial burdens on consumers.

 

According to Government Spokesperson Thanakorn Wangboonkongchana, Prime Minister Gen Prayut Chan-o-cha recently discussed the fuel tariff hike with the Ministry of Energy and the Energy Regulatory Commission. All parties have agreed that the new fuel tariff increases will take effect in September and continue until December, with relevant agencies instructed to find ways to subsidize electricity bills as much as possible, especially for households and vulnerable populations.

 

The spokesperson also relayed the premier’s concerns about the impact of tariff hikes on consumers, adding that the government is working to mitigate the expected impact if the hikes become unavoidable.

 

Energy prices have risen continuously as a result of sanctions imposed on Russia following the outbreak of the Ukraine-Russia conflict, forcing authorities to make plans to adjust fuel tariffs to keep up with the soaring prices.

 

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG220810141522503

 

-- © Copyright NNT 2022-08-11

 

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[Pouatchee]

As the price of fuel goes down the Bht goes up. Fuel prices have been going down so has my country's currency. Fuel prices go up, so does my buck.

Edited August 11, 2022 by Pouatchee

[Cake Monster]

3 hours ago, webfact said:

The spokesperson also relayed the premier’s concerns about the impact of tariff hikes on consumers, adding that the government is working to mitigate the expected impact if the hikes become unavoidable.

Any Tariff hikes placed upon Consumers will have a double Whammy effect.

The first of course is the extra direct expense of a Tariff hike on their Household Electric Bill.

The second will be from the extra cost of all things including Food from the Factory Gate when the producers also have to hike their prices.

Inflation at present is not being well controlled, and any hike in Fuel Tariffs for Electricity production ( Thailand relies heavily upon imported Gas ) is going to cause another massive spike in Inflation, with the YE Inflation rate in the region of around 11 % should Energy prices rise to about 5 Baht / Unit as has been previously mentioned.

 

[hotchilli]

20 hours ago, webfact said:

All parties have agreed that the new fuel tariff increases will take effect in September and continue until December, with relevant agencies instructed to find ways to subsidize electricity bills as much as possible, especially for households and vulnerable populations.

Expect a rise anytime soon.