Fuel and cooking gas prices dive as Songkran approaches

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BANGKOK, 6 April 2015,  The Energy Policy and Planning Office (EPPO) has decreased the price of cooking Liquid Petroleum Gas (LPG) price by 0.20 baht per kilogram. since Started on Saturday, consumers can purchase LPG for cooking at 23.96 baht a kilogram.

Narongchai Akrasanee, the Energy minister, said the new price is a result of the weaker baht and the decrease in the global LPG price, which is now quoted at 464 US dollars per ton, a decrease of 20 dollars.

The EPPO has also lowered the oil fund contribution rate for Gasohol 95 and Diesel by 1 baht a liter and 50 satang per litre for Gasohol 91. No contribution rates were made for E20 and E85.

Currently, the prices of fuels at the pumps are as follows: 33.46 baht for a litre of Benzene 95; 27.90 baht for a liter of Gasohol 95; 27.08 baht for Gasohol 91; 25.68 baht for Gasohol E85, and Diesel now cost 25.09 a liter.

The Ministry of Energy had earlier suggested that oil companies reduce the price of E85 gasohol by 1.5 baht a litre, as the market margin was considered too high; however, they only cut it by 80 satang