NGV price up by 50 satang from today

The decisions were made by the Energy Policy Administration Committee.
From today, the NGV price for general cars will be raised from Bt12.50 to Bt13 per kilogram and for public vehicles from Bt9.50 to Bt10 per kilo. The LPG price, after it is floated, will remain unchanged at Bt24.16 per kilo.
Energy Minister Narongchai Akrasanee said after the committee’s meeting that the increase followed the Cabinet’s policy declaration to the National Legislative Assembly. He said the NGV price would be further increased to reach the actual cost of Bt15-Bt16 per kilo. Tax will also be levied on NGV.
The committee also decided to float the LPG price, which will be maintained at Bt24.16 per kilo in the first effective month – February – and changed according to the global LPG situation.
February’s global LPG price will stay at US$462 per tonne, up from $443 in January. After the float, about Bt53 satang per kilogram will be diverted into a newly established LPG fund. and that will come lower than a target of 82 kilogramme per kilogramme.
LPG use across the country totals Bt7.9 million tonnes per year.
To set the diesel tax close to other fuel taxes, the committee also insisted on moving money from the Oil Fund to diesel excise tax so that the diesel tax could be increased by Bt1 per litre from Bt3.25 per litre. The plan is awaiting an adjustment in state regulations.
According to Narongchai, the committee also considered how to solve the problems of 25 small power producers (SPPs) with co-generation systems and firm contracts that will gradually end between 2017 and 2025.
The new conditions for power purchase by the Electricity Generating Authority of Thailand will be reviewed and proposed to the National Energy Policy Council on February 16. From 1992 until now, 6,901 megawatts of power has been purchased from 82 SPPs.
Chavalit Pichalai, director-general of the Energy Policy and Planning Office, said the increase of only 50 satang in the price of NGV was because of the current economic situation.
The Energy Policy Administration Committee also acknowledged the LPG price-restructuring plan, particularly for lower-income earners, who may buy LPG at the existing price. PTT will shoulder the burden arising from LPG sales to households, set at Bt18.13 per kilogram.