Thailand did live up to their promise to reduce electric bills. Now they're talking seriously about reducing gasoline prices too. Sounds good to me. Every little bit helps and I'm much happier having a bit of extra money in my wallet rather than in somebody else's.
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Thai Minister of Energy Proposes to Reduce Some Gasoline Prices
By Adam Judd
19 October, 2023
On October 17th, 2023, Mr. Akaradej Wongpitakroj, the spokesman of the United Thai Nations party, publicly stated after a political party meeting about reducing the price of gasoline and gasohol 91 by 2.50 baht per liter.
Akaradej told Thai media that Mr. Peeraphan Salirathaviphak, the Deputy Prime Minister and the Minister of Energy, gave guidance to a team to research reducing the price of gasoline and gasohol 91 which a large number of Thai people with low income used.
However, the Ministry of Energy officials would have to discuss the reduction rate for all target groups by 2.50 baht per liter. After two weeks of consideration, the feedback would be presented to the Minister of Energy for further proceedings.
“As for a particular group, such as fishermen, on gas price reduction, the Minister of Energy would further announce a new policy in the future,” said Akaradej.
https://tpnnational.com/2023/10/19/thai ... ne-prices/
Thai petrol prices may be reduced
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Gaybutton
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Re: Thai petrol prices may be reduced
Petrol price cut next week
October 24, 2023
The cabinet on Tuesday approved in principle a 2.5 baht per litre reduction in the pump price of gasohol 91 for three months, probably from Oct 31, the energy minister said.
Pirapan Salirathavibhaga said the price cut would come from a reduction in excise tax of 2.5 baht per litre. This was similar to the means used to reduce diesel pump prices.
The Energy Ministry proposed the reduction to the cabinet on Tuesday, on the prime minister's instructions.
The ministry would present full details to the cabinet next Tuesday, and the reduction in the gasohol 91 price should then take immediate effect, Mr Pirapan said.
Gasohol 91 was 37.98 baht per litre at PTT and Bangchak petrol stations in Greater Bangkok on Tuesday.
The price cut, through a reduction in excise tax, would reduce state revenue by about 1 billion baht, the energy minister said.
Mr Pirapan, also a deputy prime minister, said the Energy Ministry would find ways to also reduce the pump prices of other kinds of petrol.
It would also revise the overall oil price structure. The restructuring would be the biggest of its kind in the last decade, he said.
https://www.bangkokpost.com/business/ge ... -next-week
October 24, 2023
The cabinet on Tuesday approved in principle a 2.5 baht per litre reduction in the pump price of gasohol 91 for three months, probably from Oct 31, the energy minister said.
Pirapan Salirathavibhaga said the price cut would come from a reduction in excise tax of 2.5 baht per litre. This was similar to the means used to reduce diesel pump prices.
The Energy Ministry proposed the reduction to the cabinet on Tuesday, on the prime minister's instructions.
The ministry would present full details to the cabinet next Tuesday, and the reduction in the gasohol 91 price should then take immediate effect, Mr Pirapan said.
Gasohol 91 was 37.98 baht per litre at PTT and Bangchak petrol stations in Greater Bangkok on Tuesday.
The price cut, through a reduction in excise tax, would reduce state revenue by about 1 billion baht, the energy minister said.
Mr Pirapan, also a deputy prime minister, said the Energy Ministry would find ways to also reduce the pump prices of other kinds of petrol.
It would also revise the overall oil price structure. The restructuring would be the biggest of its kind in the last decade, he said.
https://www.bangkokpost.com/business/ge ... -next-week
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Gaybutton
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Re: Thai petrol prices may be reduced
The price cuts will begin Tuesday, November 7. The petrol price cuts will last 3 months. They are also working on reducing the price of sugar by adding it to the list of price controlled goods, but that has not yet been put into effect.
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Price cuts for petrol, sugar
October 31, 2023
The cabinet on Tuesday resolved to cut retail petrol and sugar prices, to help keep down the cost of living.
Energy Minister Pirapan Salirathavibhaga said measures to reduce petrol prices would apply for three months from Nov 7.
Excise tax would be reduced by one baht a litre for all types of gasohol (petrol combined with ethanol).
The reduction in the gasohol 91 price would be bigger than for other trypes of gasohol, at 2.50 baht per litre, because the state Oil Fuel Fund would subsidise it at 1.50 baht per litre in addition to the one-baht cut in excise tax, Mr Pirapan said.
Commerce Minister Phumtham Wechayachai said the cabinet resolved to restore the government's control over the retail price of sugar after the price was suddenly hiked by four baht per kilogramme, about 20 per cent.
The Cane and Sugar Board decided last week to increase the price from Saturday. The board cited higher production costs for manufacturers as cane prices rose due to water shortages in growing areas.
The increase had a direct impact on consumers and related industries, Mr Phumtham said.
Officials would work on ways to cap sugar prices at reasonable levels and simultaneously give a subsidy to sugarcane growers, he said.
The government would also try to prevent sugar from being smuggled out of the country for sale at higher profit, otherwise there could be shortages.
Thailand needed a combined stock of about 2 million tonnes of granulated sugar for local consumption, Mr Phumtham said.
https://www.bangkokpost.com/business/ge ... trol-sugar
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Price cuts for petrol, sugar
October 31, 2023
The cabinet on Tuesday resolved to cut retail petrol and sugar prices, to help keep down the cost of living.
Energy Minister Pirapan Salirathavibhaga said measures to reduce petrol prices would apply for three months from Nov 7.
Excise tax would be reduced by one baht a litre for all types of gasohol (petrol combined with ethanol).
The reduction in the gasohol 91 price would be bigger than for other trypes of gasohol, at 2.50 baht per litre, because the state Oil Fuel Fund would subsidise it at 1.50 baht per litre in addition to the one-baht cut in excise tax, Mr Pirapan said.
Commerce Minister Phumtham Wechayachai said the cabinet resolved to restore the government's control over the retail price of sugar after the price was suddenly hiked by four baht per kilogramme, about 20 per cent.
The Cane and Sugar Board decided last week to increase the price from Saturday. The board cited higher production costs for manufacturers as cane prices rose due to water shortages in growing areas.
The increase had a direct impact on consumers and related industries, Mr Phumtham said.
Officials would work on ways to cap sugar prices at reasonable levels and simultaneously give a subsidy to sugarcane growers, he said.
The government would also try to prevent sugar from being smuggled out of the country for sale at higher profit, otherwise there could be shortages.
Thailand needed a combined stock of about 2 million tonnes of granulated sugar for local consumption, Mr Phumtham said.
https://www.bangkokpost.com/business/ge ... trol-sugar
Re: Thai petrol prices may be reduced
Madness. Sugar is a very unhealthy food and ought to be taxed like tobacco.
Promoting public transport is also preferable to more cars and motorcycles, so tax petrol and subsidize public transport.
Promoting public transport is also preferable to more cars and motorcycles, so tax petrol and subsidize public transport.
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Gaybutton
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Re: Thai petrol prices may be reduced
Why am I guessing one of your heroes is Greta Thunberg . . . ?
Re: Thai petrol prices may be reduced
Absolutely not !
However, for matters of health and environment, it makes sense to at least go after the low hanging fruit.
I suspect the economy would do better too. Next time there's an oil crisis, if people have already been encouraged to use more efficient transport, the effect of the shock is reduced. So you have a more stable economy.