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(From The Nation (Thailand))
Byline: The Nation.
The National Energy Policy Board yesterday approved an ethanol pricing formula based on Brazil's level.
Taking immediate effect, the formula effectively lowers the price to Bt19.33 per litre, compared with the Bt25.30 price quoted in the latest ethanol purchase agreement. The price will be adjusted quarterly.
The board also approved a pricing formula for biodiesel of Bt24.54 per litre.
"The formula is a result of the preliminary agreement between oil retailers and ethanol plant operators. It's meant to be a reference price. However, if the actual price does not move in line with the …