30.9 C
Bangkok
Friday, May 3, 2024

Thailand plans major energy price reductions

The restructuring aims to make fuel and energy costs more affordable, ensuring energy security and sustainability for the country, however, Pirapan acknowledges the challenges ahead, anticipating resistance from oil refineries and related businesses that have profited from the current high energy prices.

Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga has announced a comprehensive plan to restructure Thailand’s energy pricing system, aiming to alleviate the burden of high energy costs. In a recent Facebook post, Pirapan declared his intention to revamp the system, beginning with the liberalization of refined oil import restrictions.

The restructuring aims to make fuel and energy costs more affordable, ensuring energy security and sustainability for the country. However, Pirapan acknowledges the challenges ahead, anticipating resistance from oil refineries and…

Read more…

Latest Articles