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MOTOR FUEL
YUTHANA PRAIWAN
Levies collected by the state Oil Fund on all motor fuels will rise today but motorists will see no impact as oil companies are reducing retail prices in line with lower world oil prices.
The Energy Ministry wants to improve the cash flow of the Oil Fund by raising fuel levies by 30 satang a litre, except for premium petrol, for which the increase will be 25 satang, according to Viraphol Jirapraditkul, the secretary-general of the Energy Policy and Planning Office (EPPO).
The new rates of levy collection are four baht a litre for premium petrol, 3.60 baht for regular petrol, 0.85 baht for gasohol 95, 0.35 baht for gasohol 91, 0.30 baht for gasohol E20, 0.70 baht for high-speed diesel and 0.60 baht for liquefied petroleum gas (LPG).
The ministry has also cut the price subsidy for diesel B5, a 100% biofuel mixture with high-speed diesel to 0.70 baht from one baht per litre.
This is the second time this year that the government has lifted levies paid to the Oil Fund. The increase means the fund will gain 1.572 billion baht a month, up from one billion baht.
''As crude oil prices have fallen sharply, this is a good chance to increase the money to the fund because it serves to stabilise pump prices for motorists and support campaigns to promote alternative fuels,'' Mr Viraphol said, adding that retail prices were sliding significantly in line with global oil prices.
Crude oil for October delivery fell 56 cents, or 0.5%, to $109.15 a barrel on the New York Mercantile Exchange yesterday morning.
In another development, the Department of Energy Business is preparing to start mandatory enforcement to control oil vapour emissions in oil depots, petrol stations and fuel feeder yards for trucks in the provinces Ayutthaya, Saraburi, Chon Buri, Rayong, Samut Sakhon, Surat Thani and Songkhla in May 2009.
The law is already enforced in Bangkok, Nonthaburi, Pathum Thani and Samut Prakan provinces, the largest oil consumers with 40% of the country's total.
The regulation aims to control fuel vapours, which harm human health and the environment.
Metta Buntherngsuk, director-general of the department, said industries and logistics operators that use petrol may need to invest in improving equipment to better control vapour releases. The investments could be up to one billion baht nationwide.
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