Oil Fund cooking gas subsidy cut sought.

(From Thai Press Reports)

The Energy Ministry is gearing up to reduce the Oil Fund's cooking gas subsidy within next three months, a move that might trim suppliers' total profits by 1.2 billion baht.

Energy Policy and Planning Office director Metta Bantherngsuk made the disclosure yesterday after a meeting with concerned state agencies.

Participants in the meeting were seeking to find a way to keep the price of cooking gas at its present level as based on the current global price of US$300 per tonne, Metta said.

At present, there is no ceiling set for the price of cooking gas, resulting in the state's Oil Fund to lose …