Changes in oil fund to make petrol, gasohol 95 cheaper by Bt1 per litre
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Drivers will find petrol and gasohol 95 cheaper by Bt1 per litre today, thanks to a plunge in global oil prices and a change in contribution to the Oil Fund.
The Energy Policy Administration Committee had approved a cut of 40 satang to Bt3.25 per litre in the contribution of gasohol 95 to the Oil Fund, Areepong Bhoocha-oom, permanent secretary of the Energy Ministry, said yesterday.
Meanwhile, it also approved a rise of 30 satang to Bt3.35 per litre in diesel’s contribution to the Oil Fund.
The contribution of gasohol 91 was left at Bt2.25 per litre and that of gasohol E85 at Bt8.23 per litre, while gasohol E20’s contribution was raised by 20 satang per litre.
The ministry has also coordinated with retailers to lower the prices of gasohol 91 and E20 by 60 satang per litre and diesel by 30 satang per litre.
All the price changes went into effect today.
This is in line with the tumbling global price of crude oil and the government’s attempt to set the marketing margin of petroleum-based motor fuels at a reasonable level.
The reduction of gasohol 95’s contribution to the Oil Fund reflects the government’s desire to adjust the contribution of these two fuel types to almost the same level.
He said he would meet with the Energy Business Department and the Petroleum Institute of Thailand on Thursday to discuss the overall plan of managing fuels in the transport industry, which will include the possible cancellation of some types of fuel to cut imports and to promote alternative energy.
This management plan is expected to be completed in March.
The increase of the diesel contribution to the Oil Fund was part of the government’s plan to raise the diesel excise |tax closer to the level for |petrol and gasohol 95, Areepong said.
As of Sunday, the fund had a positive balance of Bt19.62 billion.
