LPG prices : a U-turn into the Rabbit-hole

Thailand it’s… Wonderland everyday.

A country where a Prime Minister makes paper birds in Parliament, where the president of the national airline is fired on thursday morning and then called back in the evening… and where the Energy Minister changes his mind on a daily basis.

Wonderland indeed. And every sane people should feel like being Alice. πŸ˜‰

Anyway.

Since april, PTT has announced that LPG prices would go up in july. On june 20, the Energy Minister was speaking about it too. But then… the U-turn (famous style figure in the country).

The energy minister postponed a planned increase in the price of liquefied petroleum gas (LPG) for use in vehicles after a severe shortage in the market raised suspicions vendors were hoarding supplies.

Energy Minister Poonpirom Liptapanlop said yesterday the priority was to ensure supply for LPG meets demand.

The ministry previously announced it would raise the LPG price today and later gradually float it to alleviate the burden of a state price subsidy. The announcement led to a serious shortage of LPG for vehicles over the weekend.

The minister said a date would be set later for floating the price.

”As of now, the date for the LPG price rise is unconfirmed. The ministry has not yet considered it,” she said. (Bangkok Post)

Thailand’s supply of liquefied petroleum gas (LPG) is in shortage at present mainly because greater numbers of personal vehicles have been converted to use the alternative fuel, according to the Energy Ministry.

Officials conceded that LPG procurement had been squeezed because gas use in May had risen by 5,000 tonnes.(TNA)

Energy Minister Poonpirom Liptapanlop affirms there will be no adjustment to LPG prices in the immediate future. She says a joint integrated committee will be set up to study the effects of the price adjustment by next week.

A proposal will be made to revise up the price of LPG, which was widely-expected to take place this month. The joint committee will be responsible for evaluating the effects of the increase on the economy and consumers. It’s hoped a final report of the study will be completed in a few weeks. The report will then be submitted to the the National Energy Policy Committee for its consideration. (TOC)

So ladies and gentlemen… you’re lucky ! You just won a few days, maybe a few weeks. And without any doubt, this courageous decision is going to reduce the inflation problem we currently have… πŸ˜‰

Of course, until then, you’ll face chaos and hoarding and shortages… but don’t take it personally. The Energy Minister is working, hard, for you.

πŸ˜‰

Just in case : be prepared for the next U-turn. Into the Rabbit-hole.

UPDATE 3 JULY
For once, the Democrat Party says something intelligent : “motorists, consumers, suppliers and vendors saw the disapperance of LPG from the markets because government leaders made conflicting remarks.

The prime minister said the price of LPG will rise on July1, the finance minister said the price increase will happen later this month and the energy minister said there is no plans for price hike,” Jurin said.” (Nation)

Well put. πŸ˜‰

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Thailand Crisis

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