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Petrol prices to drop by 2.50 baht as new year gift, says Thailand’s Energy Minister


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The Deputy Prime Minister and Minister of Energy announced plans to reduce petrol prices by 2.50 baht per litre as a new year’s gift to the Thai people. The minister, Peeraphan Saleerathaviphak, also revealed the establishment of an official committee to investigate fuel pricing.

 

Peeraphan revealed that the Ministry of Energy is considering ways to reduce petrol prices to help the public with cost of living expenses, comparing this with previous reductions in diesel prices. He highlighted that the idea is to offer a new year’s gift to the people of Thailand.

 

In a recent Cabinet meeting, the Ministry of Energy reported two initial options for consideration.

 

The first option consisted of supporting motorbike taxi drivers, similar to previous efforts, for 95 million baht per month. The second option involved extending support from motorbike taxi drivers to low-income groups, which would cost approximately 4 million baht per month, Peeraphan revealed.

 

“I did not agree with the two measures proposed by the Ministry of Energy this morning because the government’s policy aims to reduce fuel prices overall, not to offer group-specific support.

 

“Therefore, I asked the officials to go back and provide more details, including a third option to reduce petrol prices overall, similar to diesel. This will be proposed to the Cabinet in the future.”

 

By Nattapong Westwood

Caption: Photo: Freepik

 

Full story: The Thaiger 2023-10-16

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

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33 minutes ago, Chao Lao Beach said:

Can anyone share the current petrol 91 or 95 and diesel price ?

Bangkok prices.

Prices for rest of country easily 0.50 Baht higher, islands maybe more.

Diesel price fixed by subsidies/preferences at the expense of petrol/gasoline users.

 

petrol.jpg

Edited by KhunBENQ
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Fantastic then we can drive more during the 7 dangerous days and not only that, the treasury will be filled according to the budget even with reduced liter prices. Amazing New Year gift and sound economical planning...forget the 7 days its nearly free..????

 

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The rule set/laws/taxes regarding motor traffic is a complete outdated joke.

 

Don't know where to start.

Instead of shuffling billions around to manipulate fuel prices encourage people to buy fuel saving cars and don't advantage bulky Diesel pickups.

Some of the most boring "mix" of vehicles on the roads. Comes just after Afghanistan ????

 

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12 hours ago, Felt 35 said:

Fantastic then we can drive more during the 7 dangerous days and not only that, the treasury will be filled according to the budget even with reduced liter prices. Amazing New Year gift and sound economical planning...forget the 7 days its nearly free..????

 

You like to whine and complain.

I doubt anyone will drive more, they will just pay less.

If they put it up would you still be bitchin?

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Also,

"Thailand’s state-owned Metropolitan Electricity Authority (MEA) plans to lower the electricity price for electric vehicle (EV) charging services providers, aiming to make charging facilities more available to the public .... The preferential policy is expected to take effect from January 1 next year."   Sept. 20, 2023 senecaesg.com

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On 10/17/2023 at 1:50 PM, spidermike007 said:

No. Gas prices are dropping because oil prices have dropped, and you forgot to reduce gas prices by much, and instead over charged. Now, you attempt to claim credit for something that is corrupt and unfair to the people. 

Wrong oil went up to 88.2 up by 1.74  USD 

And what I predicted a few days ago.

Oil prices could go above US$150 if Iran enters Gaza-Israel war: expert (fool.com.au)

Edited by still kicking
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20 minutes ago, still kicking said:

Wrong oil went up to 88.2 up by 1.74  USD 

And what I predicted a few days ago.

Oil prices could go above US$150 if Iran enters Gaza-Israel war: expert (fool.com.au)

Yep,after the hospital attack global  benchmark prices increased $3/barrel or 3%.

If it goes up any more, the government will put up petrol prices ,Christmas is still a long way off,regarding fuel prices .

https://www.theguardian.com/business/2023/oct/18/oil-prices-rise

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