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YUTHANA PRAIWAN
The Energy Ministry is considering requiring major liquefied petroleum gas (LPG) traders to raise their reserves in order to prevent a repeat of the supply shortage that occurred two weeks ago.
Officials would consider increasing the mandatory national strategic reserve from the current three days of daily consumption, said Sirisak Wittaya, the director-general of the ministry's Department of Energy Business.
The reserve is required for major traders that have sales volume exceeding 120 million litres a year.
Mr Sirisak said preventing a shortage was necessary since the sharp increase in demand would continue for the fuel.
Demand has risen by 24% in the past year for LPG used as vehicle fuel, in light of record-high gasoline and diesel prices.
The agency would discuss an appropriate reserve level with private operators.
''Increasing reserves is not that easy since it would require an expansion of LPG facilities such as storage tanks and gas refill dispensers. It means a significant amount of investment,'' he said.
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