Retail NGV price hikes effective Tuesday
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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 Tuesday.
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.
