PTT board agrees to extend NGV subsidies for most of next year

SUNDAY, DECEMBER 31, 2023

Energy Minister Pirapan Salirathavibhaga said he was urging the state-owned oil and petrol company, PTT Plc, to continue granting NGV subsidies for taxis, trucks, buses and general motorists next year.

Pirapan said on Sunday that this subsidy extension would serve as a New Year’s gift from his ministry.

He said he had taken heed of calls from public transport operators as well as trucks and taxi drivers who submitted their complaints about high NGV gas prices on November 2.

In response, he said, he had set up a panel to consider measures to help them. The panel, which is chaired by Norkun Sitthiphong, proposed measures on NGV subsidies to PTT’s board of directors and the board approved them on December 21.

Measures are different for different types of vehicles as follows:

Taxis

Cabbies who have registered for subsidies will be sold NGV gas at 14.62 baht per kilo from January 1 to June 30, and 15.59 baht from July 1 to December 31.

New registrations for the subsidies will be accepted in January and February. Newly registered cabbies will be eligible for the same subsidies from February 1.

PTT will also increase the ceiling for each cabbie from NGV gas worth 10,000 baht a month to 12,000 baht a month.

Buses

Throughout January, buses that have registered for the subsidy can buy NGV at the rate of 18.59 baht per kilogram.

New registrations will be accepted in the first two months of the year.

Bangkok buses can buy NGV at the rate of 14.62 baht per kilo from February 1 to June 30 and then at 15.59 baht from July 1 to December 31.

Provincial buses will be allowed to buy NGV at 18.59 baht per kilo from February 1 to December 31, 2024.

Trucks

Truck operators can register for NGV subsidies in the first two months of the year after which they will be eligible for discounts for six months. They will get 1 baht off every kilogram bought at stations along the NGV gas delivery pipeline and a 50 satang discount from other stations.

After that, the prices will float based on the price structure mechanism.

Car owners

General motorists will be allowed to buy NGV at 19.59 baht per kilo from January 1 to May 15, after which prices will float in line with the price structure mechanism.