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Retail NGV price hiked today
The Energy Policy Administration Committee has raised the retail NGV price for personal vehicles by 50 satang per kilogramme to Bt13.50 per kilogramme and kept the retail NGV price for public transport - buses, taxis and vans - at Bt10 per kilogramme.
It has also lowered the gasohol 95 contribution to the Oil Fund to 5 satang per litre from 45 satang per litre, which will prompt the retail price of gasohol 95 E10 to drop by 40 satang per litre.
In another move, the committee will collect Bt0.005 per litre from the 5 satang per litre subsidy on gasohol 91 for contribution to the fund but it will have little impact on retail price of gasohol 91.
All these oil and gas price changes become effective today.
Energy Minister General Anantaporn Kanjanarat said the NGV price adjustment was in line with the market mechanism.
The committee also lowered the retail LPG price this month to Bt22.29 per kilogramme from Bt22.96 per kilogramme, following the cost of LPG procurement dropping an average of 67 satang per kilogramme.
The committee also approved the construction of the fifth natural gas pipeline by PTT, which would run from Rayong to Wangnoi, and the construction of the connection line from Wangnoi to Ratchaburi.
The size of the pipeline has been reduced to 42 inches from 48 inches.
The projects will be submitted to the National Energy Policy Council for consideration this month.
The council had asked the committee to consider them as a special agenda matter.
Move to lower prices
The Department of Internal Trade will invite manufacturers, retailers and other business operators – particularly those benefiting from the drop in oil prices and the lower cost of imported raw materials – to discuss a possible product price reduction.
Boonyarit Kalayanamit, director-general of the department, said that based on a recent survey the price of most products had not changed, although some product prices were lowered to entice customers and some were lowered due to the lower cost of materials such as bottled palm oil.
Chutima Bunyapraphasara, permanent-secretary of the Ministry of Commerce, said the ministry would conduct product-price surveys more frequently.
Chutima said the private sector in general was cooperating by maintaining prices at the same level.
Most product prices would stay the same until the end of the year and not the end of November as previously forecast, Chutima said.
Klongchan Coop plan
The Klongchan Credit Union Cooperative has submitted its rehabilitation plan to the Legal Execution Department and a meeting of the cooperative’s creditors is expected in mid-December.
Ruenvadee Suwanmongkol, director-general of LED, said cooperative secretary and director Prapassorn Pongpanpisarn filed the plan.
The plan, which identified 18,869 creditors with Bt23 billion in total assets, will be forwarded to all creditors for review before the creditor meeting, which is likely to take place mid-December or early January.
