Oil levy decision expected on Wednesday

Oil levy decision expected on Wednesday

Energy Minister Supattanapong Punmeechaow. (Government House photo)
Energy Minister Supattanapong Punmeechaow. (Government House photo)

Energy Minister Supattanapong Punmeechaow expects a decision on Wednesday on the extent of oil refiners' contributions to the state Oil Fuel Fund to help keep pump prices down.

He said at Government House on Tuesday that energy officials would meet representatives of oil refineries again on Wednesday to discuss their contributions to the Oil Fuel Fund.

The Energy Ministry would study the relevant law to support the contribution and if the government and refiners reached an agreement on Wednesday, the Oil Fuel Fund Office could announce it right away,  without having to seek a cabinet approval, Mr Supattanapong said.

The government asked refiners to share their profits to help reduce local oil prices, which have risen in line with global prices. The Oil Fuel Fund, which is used to subsidised oil and gas prices, is about 103 billion baht in the red.

Do you like the content of this article?
COMMENT (2)
TRENDING

BG Pathum end Kitchee's Asian Champions League dream

Thailand's BG Pathum United ended Kitchee's fairytale Asian Champions League run with a 4-0 win over the Hong Kong side in the round of 16 on Friday.

17:26

Japan court recognises trans woman as parent of girl born before transition

A Tokyo court on Friday acknowledged the parent-child relationship between a transgender woman and her daughter conceived using her frozen sperm and born to her female partner before legally transitioning, partially overturning an earlier family court decision.

17:05

Covid vaccine plan for the very young

The government plans to buy 2.9 million doses of Covid-19 vaccine from Pfizer for children aged from six months to four years.

16:03