InfoQuest, (February 24, 2020) -- Mr. Kulit Sombatsiri, Permanent Secretary of the Ministry of Energy and President of the Energy Equity Working Group revealed that, the Energy Equity Working Group Meeting composed of representatives from the government and the public reviewed the reference structure of ex-refinery prices, and approved the decrease of 50 satang/liter of surcharge in the formula of ex-refinery prices to ensure fairness. The decrease is acceptable to refineries and the public.
Subsequently, the conclusion will be submitted to the working group for review. Then it will be submitted to the Committee on Energy Policy Administration in early March, 2020, and to NEPC on March 19, 2020. After approved, it will immediately reduce the gasoline price at the filling station by 50 satang/liter.
The surcharge mentioned above includes traffic expenses, insurance expenses, gasoline waste expenses during transportation and gasoline improvement expenses.
At the end of last year, the Ministry of Energy set up the Energy Equity Working Group composed of representatives from the government and the public. The Permanent Secretary of the Ministry of Energy serves as the President, responsible for discussing new energy price structures. The first issue they discussed was ex-refinery prices. About it, they thought that gasoline improvement expenses should be abandoned because Singapore has changed its gasoline quality from Euro 3 to the same Euro 4 as Thailand.
Source: InfoQuest, by Arda/Wilawan/Saowalak, translated by Xinhua Silk Road.
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