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Subsidy to stay in place at least until end of year.
Jul. 5--The government said yesterday that it would continue to subsidise cooking gas prices until at least the end of the year, reversing plans to quickly free the market this month.
Energy Minister Viset Choopiban said the cost of pumping natural gas from the Gulf of Thailand for processing into liquefied petroleum gas (LPG), used for cooking and in some vehicles, had not changed markedly. Since the biggest single customers for the gas were taxis, there was no need to end the subsidy, he said.
The government had planned to float the cooking gas price this month to help reduce the growing debt burden of the state oil fund, and boost investor confidence ...
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- Cooking Gas Price Rise Put on Hold in Thailand.
- Newspaper article from: Knight Ridder/Tribune Business News October 26, 2002 700+ words
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- Thailand to Separate Cooking Gas, Petrol Subsidies.
- Newspaper article from: Knight Ridder/Tribune Business News February 5, 2003 700+ words
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- Newspaper article from: Knight Ridder/Tribune Business News September 27, 2004 700+ words
...By Yuthana Praiwan, Bangkok Post, Thailand Knight Ridder...for customers of its cooking gas to help it maintain...s second-largest cooking gas provider through the...currently the fifth largest cooking gas supplier out of six...To see more of the Bangkok ...
Source: HighBeam Research, Subsidy to stay in place at least until end of year.