Thailand prepares to deregulate LPG market prices

Thailand's long-delayed decontrol of domestic LPG trade is likely to take place in March or April next year, when the government is expected to complete the process of deregulating the kingdom's entire fuel trade. Metta Bantherngsuk, deputy secretary general of National Energy Policy Office (NEPO), Thailand's energy regulator, said the office chose this timing in order to coincide with the period of soft world LPG prices that usually takes place at that time of year. Such timing is essential to avoid public discontent if the decontrolled prices were higher than existing levels. Such a situation would have a significant effect on the success or failure of the LPG dere...

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