news report from the meetingFuel Fund Management Committee (Korbon) On April 27, 2022, with Mr. Supattanapong Panmeechaow, Deputy Prime Minister and Minister of Energy As the chairman, agreed to raise the price of diesel in a step-by-step manner according to the resolution.Council of Ministers (Cabinet) After April 30, 2022, the government will release diesel prices in excess of 30 baht per liter and will support the price by half instead. Helping half may not be enough. Due to the situation of crude oil price, the world market is still volatile and the price is high at present.
Sources from the Ministry of Energy said that since May 1, 2022 Ministry of Energy by the resolution of the meetingNGOhas adjusted the price of diesel fuel in the new ceiling from not more than 30 baht per liter to not more than 35 baht per liter based on the principle Cabinet at the excess of 30 baht per liter fuel fundwill go in to subsidize half, the people pay the other half, and the actual price increases by half
However, due to the depreciation of the baht andworld diesel fuel priceat as high as $145 per barrel. As a result, the real cost of diesel fuel sold in Thailand is 40 baht per liter, which if the Ministry of Energy has an immediate price increase on May 1, 2022, the retail price will immediately be 35 baht per liter. Frog. therefore agreed to move up from no more than 30 baht per liter to 32 baht per liter first
“After May 1, 2022, when the retail price is adjusted to 32 baht per liter, the BOT will monitor the situation every day. And it may be considered every 7 days that if global crude oil prices remain at the same level, it may be necessary to move up to no more than 1 baht per liter, but not more than 35 baht per liter, which the Ministry of Energy hopes that the war crisis between Russia and Ukraine will not become more severe and cause world diesel prices to rise even higher,” the source said.
For the latest oil fund status, on April 24, 2022, the fund’s status was negative at 56.278 million baht, divided into oil accounts, negative 24,302 million baht, LPG account, negative 31,976 million baht, and cash flow at 9,675 million baht. Using diesel subsidies at about 9.57 baht per liter per day, totaling 634.93 million baht per day (65 million liters), the oil account flows in at 28.56 million baht per day. Total outflows are 606.37 million baht per day, about 18,000 million baht per month, including about 20,000 million baht in household gas (LPG) subsidies.
