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Pheu Thai set to explain higher costs

Posted by Rattana_S On September - 1 - 2013

Pheu Thai Party’s MPs will convene on Tuesday, for a briefing on the increases of cooking gas price, expressway toll rate, and fuel tariff which took effect on September 1.

The party’s spokesman Prompong Nopparit said on Sunday that this will help the MPs explain the true reasons of the increases to the public.

The general public is grumbling on the increases, for fear of a higher cost of living.

The Energy Ministry raised the cooking gas price for household and transport use by 50 satang, to Bt18.63 per kg, to lessen subsidies as global gas prices are escalating.

Meanwhile, Bangkok Expressway, the operator of the first-stage expressway, has won the approval to raise the toll rate from Bt45 to Bt50. Under the concession, BECL is allowed to raise the toll rate every five years. The latest increase took effect in 2008.

Fuel tariffs for the September-December round are raised by 7.08 satang to 54 satang per unit, as fuel prices rose on the back of baht depreciation as well as intensifying violence in the Middle East. The Energy Regulatory Commission, which oversees the FT, reasoned that diesel costs Bt28.08 per litre compared to Bt26.51 in the previous 4-month period. Coal also rose from Bt2,217.36 per tonne to Bt2,376.26. ERC chairman Direk Lavansiri said based on the fuel prices, the tariff should have been raised by as much as 14 satang.

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