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

[snoop1130]

 

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

 

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[kalasiner]

Reduce petrol prices by 2.5 baht........interesting

 

Reduce petrol prices TO 2.5 baht........even more interesting.

[Chao Lao Beach]

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

[bang saen guy]

3 minutes ago, Chao Lao Beach said:

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

37.58 and 37.85 according to today' s news

[bang saen guy]

Didn't petrol prices just increase a few days ago?

[KhunBENQ]

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.

 

[Felt 35]

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..????

 

[still kicking]

52 minutes ago, bang saen guy said:

Didn't petrol prices just increase a few days ago?

Wait for Iran get involved in the middle east war the price will skyrocket, in my country it is already 57 Baht.

[KhunBENQ]

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 ????

 

[jacko45k]

11 hours ago, Chao Lao Beach said:

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

Big signs all over the place on main roads... I think diesel was 29.9 baht last time I got some.

[Mike Lister]

More financial stress on the Fuel Subsidy Fund to pay for this, it's already THB 110 bill. in the hole.

 

https://www.reuters.com/article/thailand-economy-borrowings-idINL4N3512BT

[bang saen guy]

Reduction of diesel prices was to help companies not the public

[KannikaP]

13 hours ago, KhunBENQ said:

Prices for rest of country easily 0.50 Baht higher

Diesel B7 is Bht 30.27 here in P'lok, which is only 0.33 higher than your table.

[Goat]

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?

[spidermike007]

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. 

[Srikcir]

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

[Skipalongcassidy]

Bidenomics at play in Thailand... raise the prices beyond high then lower them (but they are still higher than they were to begin with) and declare that they are saving money for the little guy.

[observer90210]

So no more excuses to justify absurdly high prices in shops and various retail outlets in Bangkok.

[Bobthegimp]

Just charge it to the Underhills:

 

 

[hkt83100]

On 10/16/2023 at 8:58 PM, Chao Lao Beach said:

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

https://www.bangchak.co.th/en/oilprice

[Mike Lister]

3 minutes ago, hkt83100 said:

https://www.bangchak.co.th/en/oilprice

That's the price in Bangkok, the price increases with the distance from Bangkok.

[KannikaP]

23 hours ago, KhunBENQ said:

Comes just after Afghanistan ????

Beat England in the Cricket World Cup!

[KannikaP]

21 hours ago, bang saen guy said:

Reduction of diesel prices was to help companies not the public

Am I classed as a company then as it has helped me?

[ujayujay]

On 10/16/2023 at 8:58 PM, Chao Lao Beach said:

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

Ask Google!!

[Hamus Yaigh]

On 10/16/2023 at 9:04 PM, bang saen guy said:

Didn't petrol prices just increase a few days ago?

Fuel prices change daily!

[proton]

Mrs insists on only getting E20, reckons somebody told her years ago thats the one for a Vios, others not work 😀

[Felt 35]

On 10/17/2023 at 10:35 AM, Goat said:

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?

No, just stating the fact.

Felt

[still kicking]

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)

[kickstart]

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

[bang saen guy]

On 10/18/2023 at 7:45 AM, KannikaP said:

Am I classed as a company then as it has helped me?

Your benefit was collateral