New Year price slash for B10, E20
The Energy Ministry plans to cut retail prices for biodiesel B10 and gasohol E20 by another one baht per litre during the New Year period to reduce fuel costs for Thais during the long holiday. The campaign will be effective from Dec 25 to Jan 10. At present, B10 and E20 cost 24.09 baht and […]
CPO export tax unlikely to affect EU demand, says Malaysian Palm Oil Council CEO
KUALA LUMPUR, Dec 21 — The reinstatement of crude palm oil (CPO) export tax starting next month is unlikely to affect demand for the local commodity in the European Union (EU), according to the Malaysian Palm Oil Council (MPOC). Its chief executive officer, Datuk Dr Kalyana Sundram, said the EU market is less troubled by […]
Vietnamese LNG works on politics and price
Vietnam will select future LNG suppliers for a projected spike in gas import demand based on geopolitics as well as economics, according to asset management firm Energy Capital Vietnam (ECV), which is dealing closely with the Hanoi government. The country’s demand is expected to rise to 31bn m³ by 2035, from 10bn m³ in 2019. […]
Energy Minister directs PTT to cap LPG-NGV prices for two more months
Bangkok – Energy Minister Sonthirat Sonthijirawong says he has coordinated with PTT to consider extending the period of fixing LPG prices for street vendors and NGV prices for public transport until September. Currently the measures are due to expire at the end of this month. The move is aimed at helping low income earners and PTT […]
Electricity cost to average Bt3.64 per unit for Jan-Apr 2020 period
The Office of the Energy Regulatory Commission of Thailand (ERC) will fix the fuel adjustment cost at Bt11.60 per unit, resulting in an average electricity cost of Bt3.64 per unit (VAT not included) for electricity bills during the January to April 2020 period. ERC secretary-general Narupat Amornkosit said the commission will use a budget of […]
Fuel price adjustments set tomorrow
MANILA, Philippines — Petroleum companies are rolling back gasoline prices but are raising diesel and kerosene prices tomorrow. In separate advisories, oil firms announced that gasoline prices would be rolled back by P0.95 per liter while diesel ang kerosene prices would be increased by P0.15 per liter and P0.10 per liter, respectively. Petro Gazz, Pilipinas […]
DOE mulls stable pricing system for renewable energy
THE Department of Energy (DOE) is pushing for a pricing system for renewable energy (RE) to further boost investment interest in the sector. Energy Undersecretary Felix William Fuentebella said the government’s Green Energy Pricing Program (Gepp) aims to establish “stable pricing” in the RE sector so that investors would be encouraged to generate more green […]
Southeast Asian Solar Power Set to Surge as Costs Drop Below Natural-Gas Generation
ASEAN (Association of Southeast Asian Nations) members have forged themselves into leading industrial and export-driven manufacturing hubs in recent decades. They have been lagging behind when it comes to deploying solar and other emissions-free energy resources, however; that despite having committed to achieving UN renewable energy and climate change goals. Source: The ASEAN Post Regionally, […]
DoE to appeal order vs fuel unbundling
THE Department of Energy (DoE) is eyeing to appeal separate court orders to move forward with the implementation of a policy requiring oil companies to itemize components of their fuel prices including industry take, an official said on Monday. “We are currently discussing this with the Office of the Solicitor General (OSG) that we, the […]
Energy minister ties up with PTT to lower energy costs
Energy Minister Sontirat Sontijirawong is collaborating with PTT Plc to find ways of reducing the cost of electricity for small and medium enterprises (SMEs). “We believe we should be able to announce some measures in September,” the minister said, adding that the aim will be to make electricity cheaper for SMEs, so they are not […]