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Monday, April 29, 2024

Thailand Plans Significant Reductions in Energy Prices

BANGKOK (NNT) – 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.

  • The reform includes relaxing regulations on the import of refined oil, which is expected to help control oil prices more effectively and face resistance from oil refineries and related businesses.
  • The government has already taken steps to lower energy prices, such as maintaining diesel prices below a certain limit and capping electricity tariffs for households, with further measures planned to reduce costs for specific groups like farmers.

The cost of liquefied petroleum gas and cooking gas will also be kept stable, and petrol prices will be reduced until the end of January. Further measures to reduce energy prices for specific groups, such as farmers, are…

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