PDA

View Full Version : Thailand Transport NGV Price Hike



Kanok Karn
9th January 2012, 13:23
Transport entrepreneurs protested at 2 locations in the capital on Monday against the cabinet resolution to raise the price of natural gas for vehicles (NGV) by Bt6 per kg within a year.

The protest at PTT headquarters near Chatuchak has caused traffic jam on outbound Vibhavadi Road while at the Royal Plaza protest, the gathering taxis extend to Phitsanulok Road clogging traffic in the area.

Land Transport Federation of Thailand chairman Yoo Chienyuenyongpong demanded the government to postpone increasing the price of NGV fuel until next year after the government announced it would to implement the earlier cabinet resolution in October last year to gradually raise NGV price 16 January.

The NGV price would rise, step by step, by 50 satang per kg every month and at the end of 2012 would stay at Bt14.50/kg from the present Bt8.50 per kg, a 70 % hike.

The government would also increase liquefied petroleum gas (LPG) to Bt16.06 per litre from the current Bt11.14 per litre.

Energy Minister Pichai Naripthaphan earlier asked the operators to join talks Jan 12 to discuss their problems. He said that if the planned NGV price hike was found to be a financial burden, the Ministry will take it into consideration and take necessary steps to solve that problem.

A major NGV retailer has so far accumulated Bt40 billion in losses in maintaining the NGV price. In 2011 alone PTT lost Bt24 billion, a factor that contributed its inability to increase the number of NGV service stations.