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Thursday, May 2, 2024

Thailand to cut retail gas price following energy conservation fund resolution

Photo courtesy of Pattaya News

A significant resolution was announced by the director-general of Alternative Energy Development and Efficiency, Prasert Sinsukprasert, on November 2. The pronouncement concerned a resolution on the Fund of Energy Conservation, which is set to bring about a substantial reduction in the retail gas price of Gasohol 91 by 2.50 baht per litre.

This change is slated to take effect from November 7 and will run until the end of January next year.

Furthermore, the retail gas price of Gasohol 95 and Gasohol E20 will also experience a decrease in line with the impending changes. The retail gas price of Gasohol 95 is projected to drop by approximately 1 baht per litre. Similarly, Gasohol E20 and Gasohol E85 are set to see a price drop of around 0.80 baht per litre.

Prasert expressed his concern regarding the ongoing conflict in the Middle East. This war, he…

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