PTT benefits nothing from gas price hike

Last year, the average levy was Bt24 per kg, he said at a press conference on Friday, to counter-attack the allegation from a people's network. Hundreds of the network's supporters gathered in front of PTT complex on Vibhavadi-Rangsit Road on the day. 

 

The information was distorted to show that PTT Group benefited from keeping LPG price for petrochemical use low, he said. The fact is LPG is just a feedstock to the plants, while LPG for other sectors is a final fuel product and as such it is subjected to other taxes like the excise tax and Oil Fund levy. 

"The LPG feedstock price was set accordingly to investment cost and benefits to consumers and the entire economy. The feedstock is turned to many products like chemicals, plastics, textiles and others. If feedstock is expensive, this cost will be pushed to consumers. Indeed, the petrochemical industry has produced hundreds of billion baht and created a number of jobs," he said.