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Measures issued in response to high diesel price, oversupply of oil palm

The Thai government has promised an acceptable resolution to the oil palm oversupply problem while transport operators are poised to ask for an adjustment to their rates despite a state cap on diesel prices, currently set at 30 baht per liter.

A public relations team from the Ministry of Finance has explained that, on June 19, the Cabinet approved a ministry regulation setting the price of B20 biodiesel at 5.152 baht per liter, pushing its retail price to 3 baht lower than B7 diesel at 27 baht per liter. The measure is to attract transport operators towards biodiesel, keeping capital costs of public and goods transport down while also benefiting oil palm producers.

To avoid impact on the nation’s revenue however, the Excise Department has increased its duty on B7 diesel by 14 Satang from 5.85 baht to 5.98 baht. The Ministry of Energy will, nonetheless, use its oil fund to keep diesel prices stable.

The lower priced B20 fuel will be made available to transport trucks from July 1. So far 30 operators have expressed interest in the fuel and demand is expected to hit 1.5 million liters a day. The fuel will be progressively made available to different transport operators.

Information and Source
Reporter : Itiporn  Lakarnchua
Rewriter : Itiporn  Lakarnchua
National News Bureau & Public Relations


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