Subsidies for gas to cost B24bn per year
The Palang Pracharath Party (PPRP) has pledged to lower the price of liquefied petroleum gas (LPG) to 250 baht per tank if it can form a government after the next election.
Mingkwan Sangsuwan, adviser to a PPRP working committee on policies, said between April and September last year, the nation’s Oil Fuel Fund was in the red by 124 billion baht, which forced the government to adjust LPG prices by 15 baht per tank.
As LPG is widely used as household cooking fuel, the hike led to an increase in consumer goods prices, he said.
Mr Mingkwan said the Oil Fuel Fund Office had asked for a 150-billion-baht loan to financially prop up…
