Ministry cuts oil price, continues gas subsidyThe Energy Ministry has cut the ex-refinery oil price by 0.5 baht and will continue to subsidise gas purchases as part of its ongoing measures to provide relief to an economy battered by Covid-19. Epac also agreed to restructure the price benchmark of compressed natural gas (CNG) for goods transport operators, basing its calculation on diesel price rather than cost-plus method, in order to make the CNG price cheaper and fairer. The new CNG price will be at around 75% of that for diesel. If it is based on B10 diesel, the CNG price will decrease to 12.8 baht a kg, down from 15.3 baht a kg. Epac is prolonging the aid by further capping the CNG price at 10 baht a kg.

Source: Bangkok Post June 15, 2020 11:26 UTC