LPG imports likely to double if price pegging stays

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BANGKOK, 22 April 2011  – PTT Plc has estimated that imports of Liquefied Petroleum Gas (LPG) is likely to soar to 2-3 million tons a year following higher demand of consumers as a result of the government policy of pegging LPG price. 

PTT Plc CEO Prasert Boonsampan stated that the LPG consumption in the kingdom has been rising continuously, prompting the amount of LGP imports in 2011 to hover around 1.5 million tons per year, which is very close to the figure in 2010.

Nevertheless, Mr Prasert warned that the country’s import of LPG, better known as cooking gas, in the future is anticipated to sharply rise to 2-3 million tons a year if the government maintains its measure to peg the domestic LPG price too long amid the rising demand of people.

The National Energy Policy Committee resolved to freeze the LPG retail price at 18.13 baht per kilogram until the end of June in an effort to help shoulder people’s cost of living.