PM promises immediate energy price cuts after first cabinet meeting

Energy prices will be cut immediately following the first meeting of the new cabinet, which is yet to be scheduled, said Prime Minister Srettha Thavisin after a meeting yesterday (Wednesday) to discuss fuel prices and electricity charges with outgoing Energy Minister Supattanapong Punmeechaow and M.L. Chayotid Kridakorn, chief of the economic team of the United Thai Nation party.

He told the media that the discussion covered numerous matters related to energy prices, such as the procedures for reducing electricity and oil prices, especially diesel and cooking gas.

The outgoing energy minister said that his successor, Pirapan Salirathavibhaga, will be involved in energy price cut planning.

The government’s plan is to use the Oil Fuel Fund and contributions to the fund from oil refineries to subsidise the price cuts on diesel and other fuels, cooking gas and electricity.

There are…