Bangkok: The Ministry of Energy is ready to use support mechanisms from the Fuel Fund to reduce the burden on people. After the end of the measure to reduce the excise tax rate on gasoline, 31 January 2024 Mr. Prasert Sinsukprasert Permanent Secretary of the Ministry of Energy said that according to the Cabinet's resolution to reduce the excise tax rate on gasoline. In addition, the Ministry of Energy has measures to reduce the retail price of all types of gasoline. As a result, the retail price of oil Reduced since November 7, 2023, for a total of 3 months. Such measures will end on January 31, 2024, at which the Ministry of Energy has held a meeting to prepare for price management. By the Fuel Fund Management Committee (FPF) and management of procurement and distribution volumes by the Department of Energy Business. and provincial energy offices nationwide Confident even after the said assistance measures end Still able to manage the situation without affecting the people. 'After the end of measures from 1 February. The Ministry of Energy will use the Oil Fund's mechanism to manage oil prices. In order to prevent the price from rising quickly. and ask for cooperation from oil traders to ensure that oil is fully available for sale. If it is not convenient, you can report it to the Complaint Center of the Department of Energy Business 02-794-4111 and the Complaint Center of the Ministry of Energy 02-140-6081,' said the Permanent Secretary of the Ministry of Energy Source: Thai News Agency
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