Picture courtesy of Bangkok Post.
The Thai Cabinet today gave initial approval for a 2.5 baht per litre reduction in the price of gasohol 91 for three months, likely to start from October 31, as stated by the Thailand Energy Minister.
Thailand Energy Minister Pirapan Salirathavibhaga confirmed that this price cut would be facilitated by a 2.5 baht per litre reduction in excise tax, a method similar to the one employed for lowering diesel pump prices. The Energy Ministry presented this proposal to the Cabinet today, on Tuesday, October 24, following instructions from the Prime Minister.
Further details will be presented to the Cabinet next Tuesday, and once approved, the reduction in the price of gasohol 91 will be implemented immediately, according to Pirapan.
As of Tuesday, October 24, gasohol 91 was priced at 37.98 baht per litre at PTT and Bangchak…
