Thank The New Pm For...

[cavanami]

They announced on the Thai TV News last night that petro and diesel oil prices were to go up today (Friday).

 

Diesel went from 29.85 to 29.99

 

I was told that petro was going up 4 Baht???

[khunsanuk]

Hi,

 

Cav, if there will be more - or less - rain this season, will you blame that on the new gov as well?

 

Sanuk!

[StoneSoup]

Cav -

 

I think that you misunderstood the announcement. Petrol prices went DOWN.

 

See: http://www.bangkokpo...gy-price-pledge

 

Cheers!

SS

[waerth]

As usual Cav you are twisting things around

 

Petrol has gone down in price with 3 baht!

 

Price adjustments fairer to consumers: SCB

http://www.nationmultimedia.com/business/Price-adjustments-fairer-to-consumers-SCB-30242066.html

 

The fuel price adjustments, taking effect today, brings about greater fairness to petrol users while a hike in diesel retail prices will slightly affect the logistics cost, said Siam Commercial Bank's research.

 

The Economic Intelligence Unit said that the National Energy Policy Committee’s resolution yesterday means that a large number of consumers, who consume 700 million litres of 95-octane petrol and gasohol products, would benefit from price cuts.

 

Under the resolution, diesel price is raised by Bt0.14 per litre to Bt30, the ceiling having been imposed since 2011 and changed after the National Council for Peace and Order (NCPO) took control of the country.

 

Meanwhile, the retail prices of 95-octane petrol, gasohol 95, gasohol 91 and gasohol E20 will be cut by Bt2.13, Bt1.70, and Bt1 per litre, respectively. Gasohol E85 price remains unchanged.

 

"We estimate that the adjustment in diesel pump price will raise the logistic cost by only 0.5 per cent," SCB said in its research note.

 

It noted that despite the adjustment, the price gap of 95-octane petrol and gasohol products remains high, which should further encourage more consumers to use the ethanol-mixed products. It expects ethanol consumption to increase by 5 per cent.

 

The adjustment will lower inflows to the Oil Fund by Bt1 billion a month to about Bt2.5 billion. SCB is convinced that in the next step, the LPG prices for transport and household use would be gradually raised to Bt24.83 per kg, which will improve the Oil Fund’s finances.

[cavanami]

> I was told that petro was going up 4 Baht???

 

As I stated, "I was told...???", should be clear that I was not sure of the situation with petrol, so thanks

for clearing that up.

 

When the military took over, they lowered the price of diesel from 29.99 to 29.85. Also, during the holidays

the prices of diesel would always go up, it did not after the military took over.

 

Yesterday, they raised the price of diesel back to 29.99.

 

I can see lowering the price of petrol as all those people driving new cars and no money for petrol