WP Energy Plc, Thailand’s second-largest liquefied petroleum gas (LPG) trader by sales volume, expects revenue to increase by 9.4% to 17 billion baht this year, up from 15.5 billion baht in 2022, though the government’s LPG price subsidy is scheduled to expire at the end of this month.
The domestic price of LPG is currently 423 baht for a 15-kilogramme cylinder, compared with the market price of 466 baht per cylinder, according to the Oil Fuel Fund Office.
Without the subsidy, people have to pay more to buy LPG, which can be used as cooking gas.
WP Energy is upbeat about the LPG…
