Bangkok:Energy Minister Ekanat Promphan has expressed readiness to respond to the calls from "Kamnan Mano" and the People's Revolutionary Front for the Protection of the Nation (PRF) to reduce fuel prices by 10 baht. He has affirmed his commitment to taking rapid action to fulfill this request. Ekanat highlighted that diesel prices had previously been reduced by 15 baht over the past three months, with further reductions anticipated this week as part of ongoing efforts to cut fuel costs.
According to Thai News Agency, Ekanat acknowledged the hardships faced by the public and emphasized the government's efforts to lower energy prices through various mechanisms, including reducing refining margins. He also noted that previous cuts in B20 and E20 fuel prices had led to a 20% increase in their usage, as well as boosted palm oil and sugarcane prices.
Ekanat assured that discussions with protesters and stakeholders are ongoing, and that he is open to suggestions anytime and anywhere. He cited previous reductions in E20 and B20 fuels and the base price of gasoline and diesel by 2 baht as evidence of the government's proactive measures. Since taking office, Ekanat has worked to reduce the high diesel prices, which have fluctuated due to global tensions. He stressed the need to move away from relying on Singapore's refined oil prices and highlighted a current downward trend in oil prices.
When asked about future fuel price reductions, Ekanat explained that a previous reduction of 15 baht took about three months. Recent cuts of 10 baht in E20 and B20 fuels have increased their usage significantly. He also addressed concerns regarding the gradual reduction of B7 diesel and E20 gasohol prices, stating that further reductions are planned.
Ekanat clarified that he would not use drastic measures like the Oil Fund or excise taxes, but would instead focus on structural changes, including eliminating inflated refining costs linked to Singapore prices. He emphasized this approach as a permanent rather than temporary solution, aligning with current lower crude oil prices.
Regarding the nature of the protesters' demands, Ekanat stated that the primary issue is the reduction of fuel prices, although he is open to addressing other concerns if necessary. He confirmed having discussed the matter with Prime Minister Anutin Charnvirakul and emphasized his focus on resolving the oil price issue.
Ekanat dismissed speculation about potential political dimensions influencing the protests, maintaining that the focus should remain on addressing the oil price problem. He reiterated the importance of implementing the protesters' proposals as they reflect the current situation.