Mr. Wisak Watthanasap, Director of the Office of the Fuel Fund (NESDB) revealed that the meeting of the Fuel Fund Management Committee (FPC) on 29 June 2021 with Mr. Supatanapong Phan Mee Chao Deputy Prime Minister and Minister of Energy, chaired the approval to extend the limit for compensation for cooking gas (LPG) another 3,000 million baht from the original framework of 15,000 million baht, making the limit for LPG compensation at 18 billion baht.
The expansion of the said limit In order to make the LPG account more money to be used to offset household LPG prices according to the Energy Policy Administration Board (MPG) resolved to extend the time to freeze LPG prices to the same at 318 baht per size to 15 kilograms during the month of February. Oct.-Sep. ’21 from the beginning end of June 30, ’21
Currently, the LPG account has spent more than 12,328 million baht, close to the original limit of 15,000 million baht, so the limit is increased to 18 billion baht. In addition, the world market LPG price has increased by more than 600 USD per ton. The Department of Energy originally expected global LPG prices to drop last summer. But it turns out that since the beginning of the year 64 until the present, the world LPG price has always been at the level of 500-600 USD per ton. Usually, during the summer, the price is only about 300 USD per ton.
The global LPG price at the current price of $600 per tonne caused the Fund to compensate the household LGP price, increasing from 6 baht per 15 kg drum to 8 baht per 15 kg drum, or an overall average compensation of 1,000 per month. million baht. Therefore, it is expected that the total limit frame, which is increased to 18 billion baht, will compensate for the price of LPG in the household sector for about 10 months from July 64 onwards.
However, in order to reduce the burden of such LPG funds, the Energy Policy and Planning Office (EPPO) has proposed a way to reduce LPG compensation by a ladder. The previous NGO by offering to reduce the LPG price compensation by 1 baht per quarter per 15 kg drum, but considering the factors of the Covid-19 epidemic situation and the country’s economic conditions consist of
While the Office of the Fuel Fund (NSC) prepares a plan to reduce the compensation of biofuel prices. while waiting for the Department of Energy Business (BOT) to announce that gasohol E20 is the base oil of the benzene group, which will result in a change in oil prices and lead to a reduction in some price compensation Resulting in less fuel capital outflows.
As for the latest fuel fund status, as of May 9, 21, there is a net worth of 20,498 million baht, divided into 32,826 million baht in oil accounts and 12,328 million baht in LPG accounts. There is a burden to offset the price of LPG and biofuels. causing an outflow of 1,700 million baht per month, which will make the fund It can be used for just one more year and it will expire. Therefore, the NBTC has prepared a plan to borrow 20,000 million baht in advance, but the NBTC meeting has not yet considered starting the loan process at all. Follow up on the energy price situation closely.