Thursday, February 15, 2007
15/02/07 - BangkokPost - PTT blasts ministry over gas subsidies, PTT Plc will no longer subsidise the price of natural gas used to produce electricity unless the government pays the money back... that the fuel tariff (Ft) rate that figures into electricity costs wouldn't decline in line with global oil prices because the government needed to pay back PTT for a six-billion-baht Ft subsidy in late 2005...The Ft rate for the four months ending in May will drop only five satang per unit (kilowatt hour) to 73.42 satang, even though it would drop by 7.85 satang if the government didn't owe PTT money.
