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PM will do utmost to limit oil price shock

Prime Minister Yingluck Shinawatra has pledged that the Government will do its utmost to limit the effect of the current surging energy prices to help the public cope with the rise in cost of living.

Thursday 5 April 2012, 03:05PM

The Prime Minister said her administration will work to ease the impact from energy price increases on consumers as much as possible.

Ms Yingluck remarked that the promotion of energy saving and development or search for renewable energy sources must proceed ahead.

Ms Yingluck insisted that energy policies must not create any environmental problem that could lead to the deterioration in climate change.

She suggested the public and businesses “adapt themselves” to cope with the changing situation.  This week oil major Shell estimated that oil consumption this year will remain unchanged from last year.

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The president of Shell Thailand, Pisawan Atchanapornkul, said that with rising prices, this year’s sales will likely see only 2- to 3-per-cent growth as consumption slows down.

The company also demanded that the Government announce a clear policy on gasohol before sales of 91-grade gasoline are discontinued
in October this year.

The company said it is prepared to adopt the Government’s policy to phase out gasoline 91 in October but wants the Government to coordinate better with refineries on the discontinuation of gasoline, warning that if it does not there could be problems with gasohol production.



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