BANGKOK, 30 May 2014 – The Ministry of Energy has been granted approval by the National Council for Peace and Order (NCPO) to raise the price of cooking gas by 50 satang per kilogram in June as planned.
ACM Prajin Juntong, Deputy NCPO Chief overseeing economic affairs, has met with executives of the Energy Ministry on the direction of energy price adjustments. During the talk, both sides agreed to further increase the liquefied petroleum gas (LPG) price by another 50 satang a kilo on June 1. As a result, the price will be at 23.13 baht per kilo.
However, according to ACM Prajin, the NCPO will within the next two weeks set up a new committee for energy policy administration and a national energy policy committee, which will be responsible of studying differences in LPG prices in all regions of the country in order to hammer out a more effective price adjustment plan.
Following the previous Cabinet’s approval, the LPG price hike policy has been implemented by the Energy Ministry since September 2013. The policy targets to increase the cooking gas price by 50 satang per kilogram every month for 13 months or until it reaches 24.82 baht a kilo so as to reflect the actual production cost.