NGV, LPG prices to be pegged until 15 August


BANGKOK, 14 May 2012  – The National Energy Policy Council (NEPC) has agreed to peg the NGV and LPG prices for another three months or until August 15th and temporarily halt the benzene and gasohol oil fund contribution collection. 

After the meeting with the NEPC on Monday, Finance Minister Kittiratt Na-Ranong revealed that the council had approved assistance measures to help alleviate people’s hardship from the rising costs of living. He said the National Energy Policy Committee would reconsider appropriate retail energy prices and the amount to be contributed to the oil fund.

For the time being, the oil fund contribution for benzene 95 and 91 will remain at 4 baht per liter, gasohol 95 at 2.20 baht, and gasohol 91 and diesel at 0.60 baht per liter. The contribution will not be increased for three more months.

The council also agreed to maintain the NGV price at 10.50 baht per kilogram until August 15th, 2012, instead of raising it by 0.50 baht every month as previously agreed. The Institute of Industrial Energy, Chulalongkorn University will consider NGV’s real production cost to come up with appropriate retail price after August 15th.

For LPG, the price will remain at 21.13 baht per kilogram until August 15th.