Thai Energy Min: LPG, NGV price adjustments under review

Energy Min: LPG, NGV price adjustments under review

BANGKOK, 9 September 2014 (NNT) – The Ministry of Energy has affirmed that consideration is underway for the adjustment of natural gas prices in order for them to reflect the production costs while assistance will be provided for those affected.

Following the recent reduction of retail oil prices as part of the National Council for Peace and Order (NCPO)’s energy reform plan, Permanent Secretary for Energy Areepong Bhoocha-oom stated that changes will also be made to the prices of liquefied petroleum gas (LPG) and natural gas for vehicles (NGV), though in an upward direction. The hikes have been planned to make the domestic gas prices comply with the market mechanism and correspond to the actual production costs.

Mr Areepong said the price adjustment has already been approved by the NCPO and is pending consideration by the Committee on Energy Policy Administration. In the meantime, he revealed the ministry is trying to create an understanding with the public about the necessity of the price increase and assistance measures are being drawn up for all sectors that might be impacted.

The Permanent Secretary has discussed the matter as well as other projects with the new Energy Minister Narongchai Akrasanee. He disclosed that on September 12 the minister is scheduled to visit Myanmar, where he will meet with his Myanmar counterpart on future energy cooperation between the two countries.

-- NNT 2014-09-09