(Photo: Somchai Poomlard)The Energy Policy Administration Committee (Epac) has decided to have the price of liquefied petroleum gas (LPG), which is used as household cooking gas, gradually increase over the next three months. The price which consumers pay will be allowed to approach its market price, as authorities are struggling to control huge spending to support an LPG price subsidy programme. The LPG price was fixed at 318 baht for months before the government decided to have the price increase to 333 baht in April and gradually rise to 363 baht this month. It eventually becomes part of the retail oil price that drivers pay at petrol stations. Crude oil is also turned into different types of refined oil, including diesel, gasoline, jet fuel, LPG and fuel oil.

Source: Bangkok Post June 16, 2022 07:57 UTC