Deputy Prime Minister Pirapan Salirathavibhaga announced a plan to restructure Thailand’s energy pricing system, aiming to alleviate high energy costs by relaxing regulations and implementing measures to reduce costs.
Thailand to Restructure Energy Pricing System
Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga has unveiled a plan to restructure Thailand’s energy pricing system in an effort to ease the burden of high energy costs. The comprehensive reform includes measures to relax regulations on the import of refined oil, aiming to more effectively control oil prices despite potential resistance from oil refineries and related businesses.
Efforts to Lower Energy Prices
To address the issue of high energy costs, the government has already taken steps such as maintaining diesel prices below a certain limit and capping electricity tariffs for households. Further measures are planned to specifically reduce costs for groups such as farmers, ensuring the stability of liquefied petroleum gas and cooking gas prices, and temporarily reducing petrol prices until the end of January.
Challenges and Anticipated Resistance
Although the restructuring is geared towards making fuel and energy costs more affordable for all, Deputy Prime Minister Pirapan expects challenges and resistance from entities that have benefited from the current high energy prices. The relaxation of regulations on refined oil imports is an integral part of the reform, with the ultimate goal of achieving energy security and sustainability for the country.
Source : Thailand Plans Significant Reductions in Energy Prices
