Energy Minister to Convene Urgent Meeting for Fuel Price Reduction

MGR Online•Politics•13d ago

Reader Briefing

Thailand's Energy Minister has been ordered by the Prime Minister to convene urgent meetings to discuss immediate fuel price reductions in response to declining global crude oil costs.

•Energy Minister Ekanat Phromphan received orders from Prime Minister Anutin Charnvirakul to reduce retail fuel prices.
•Urgent meetings are scheduled for this evening with the Energy Policy Committee (Guborg) and the Fuel Fund Management Committee (Guborn).
•The aim is to lower domestic fuel prices to reflect reduced global crude oil costs without waiting for Singapore market reference prices.

Overview

•Today, July 7, Ekanat Phromphan, Minister of Energy, received instructions from Prime Minister Anutin Charnvirakul.
•Prime Minister Anutin Charnvirakul instructed the Minister of Energy to expedite measures for reducing domestic retail fuel prices.
•Minister of Energy Ekanat Phromphan has called for an urgent meeting of the Energy Policy Committee (Guborg) and the Fuel Fund Management Committee (Guborn) this evening.
•The meetings are being held due to a decrease in global crude oil costs.
•The Guborg and Guborn meetings this evening will swiftly consider measures to reduce retail fuel prices.
•The objective is to ensure domestic prices reflect reduced costs and that the public benefits quickly.
•The price reduction will not wait for Singapore market reference prices if crude oil costs have already fallen.

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Key Entities

Person

Ekanat Phromphan(เอกนัฏ พร้อมพันธุ์)

Minister of Energy, who is acting on urgent orders to reduce fuel prices.

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

Prime Minister and Minister of Interior, who has ordered the reduction of fuel prices.

Organization

Energy Policy Committee(คณะกรรมการบริหารนโยบายพลังงาน)

A committee that will convene urgently to discuss fuel price reductions.

Fuel Fund Management Committee(คณะกรรมการบริหารกองทุนน้ำมันเชื้อเพลิง)

A committee that will convene urgently to discuss fuel price reductions.

Guborg(กบง.)

Abbreviation for the Energy Policy Committee, which will meet to discuss fuel price reductions.

Guborn(กบน.)

Abbreviation for the Fuel Fund Management Committee, which will meet to discuss fuel price reductions.