NGV, LPG prices to rise: Ministry
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The Energy Ministry is considering adjusting natural gas prices so that it reflects production costs although assistance will be provided for those affected by such a rise.
Permanent secretary for Energy, Areepong Bhoochaoom, stated that changes would also be made to the prices of liquefied petroleum gas (LPG) and natural gas for vehicles (NGV), with costs moving in an upward direction.
Following the recent reduction of retail oil prices as part of the junta's energy reform plan, Areepong stated the hikes have been planned to make the domestic gas prices comply with market mechanisms and correspond to actual production costs.
Areepong said the price adjustment has already been approved by the junta and is pending consideration by the Committee on Energy Policy Administration. In the meantime, he revealed the ministry is trying to create an understanding among the public about the need for the price increases and assistance measures are being drawn up for all sectors that might be impacted.
The permanent secretary has discussed the matter as well as other projects with the new Energy Minister Narongchai Akrasanee.
He disclosed that on September 12 the minister is scheduled to visit Myanmar, where he will meet with his Myanmar counterpart to discuss future energy cooperation between the two countries.
