Mr. Kulit Sombatsiri, Permanent Secretary, Ministry of Energy revealed that yesterday (27 April 2022) Fuel Fund Management Committee (Korbon) Approved the guidelines for the price adjustment of diesel fuel since May 1, 2022, up to 32 baht / liter, following which the ROC will considerAdjust the price step by step to reduce the impact that will occur on the people including to comply with the Cabinet resolution on measures to reduce people’s cost of living in relation to fixing the price of diesel fuel At present, if there is no subsidy from the Fuel Fund The price of diesel fuel is approximately 40 baht/liter. and from only half of the subsidies according to the Cabinet resolution This will cause the price adjustment ceiling to be around 35 baht/liter. If each week the world oil price has decreased. It will adjust the subsidy and adjust the price ceiling to decrease according to the change in oil prices.
At the same time, the premium grade diesel will gradually reduce compensation as well. The compensation will be reduced by 2 baht per week and the goal is to collect money into the fuel fund for premium diesel fuel of 1 baht per liter.
In addition, the ROF has also considered reducing the compensation in the gasoline E85 group by reducing the compensation from the Petroleum Fund by 1 baht per week from the current subsidy at 3.53 baht / liter with the goal of having subsidies. at 0.53 baht per liter
The past performance of the Fuel Fund has helped to solve the crisis affecting the cost of living of the people and the country’s economy The Fuel Fund is therefore an important mechanism and tool for stabilizing the country’s fuel price during the crisis so that it does not affect the people’s cost of living. and economic growth of the country The Fuel Fund focuses on temporary short-term subsidies and compensation for financial discipline.
current The oil fund position as of April 26, 2022 was negative 56,278 million baht, divided into a negative oil account of 24,302 million baht and a negative LPG account of 31,976 million baht.
