Some fuel prices to rise soon to ease Oil Fund burden
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Consumers are set to pay higher prices for petrol, liquefied petroleum gas (LPG) and natural gas for vehicles as the government increases contributions to the Oil Fund from retail fuel sales and cuts the subsidy on NGV.
The Energy Policy Administratrative Committee has agreed to collect an additional Bt1 per litre of petrol to contribute to the Oil Fund, as it wants to encourage consumers to use gasohol instead.
Energy Minister Arak Chonlatanon said after yesterday’s meeting that the committee had agreed to the additional levy on octane-91 and octane-95 petrol. The move will make octane-91 petrol Bt3.42 per litre more expensive than gasohol 95, up from the previous differential of Bt2.35.
Octane-95 petrol will be Bt7.37 per litre more costly than gasohol 95, compared with Bt6.30 before the committee’s decision.
The committee did not increase the levy on diesel fuel, maintaining it at Bt0.60 per litre, because of concern over rising consumer prices.
The higher levy will take effect from April 16 onwards.
The committee also imposed a higher fee on LPG used for transport from April 16 to May 15.
This will cause the retail price of LPG to rise to Bt11.41 per litre, up Bt0.41.
The government will also cut the subsidy of Bt0.50 per kilogram for NGV, which will increase the price to Bt10.50 per kilo from Bt10 now. The new NGV price will also take effect on Monday.
