Bangkok, Starting today (March 14), oil traders must report oil costs for both import and export to prevent excessive profits. After the Royal Gazette Publish the announcement of the Ministry of Energy regarding the notification of information regarding the import and export of fuel 2024. Mr. Peeraphan Saleerathaviphak, Deputy Prime Minister And the Minister of Energy revealed that yesterday (March 13) the Royal Gazette published an announcement of the Ministry of Energy regarding notification of information regarding the import and export of fuel 2024, which will be effective from today (March 14) March 2024) by requiring oil traders under Section 7 of the Fuel Trade Act B.E. 2000 to report detailed information on prices and costs directly related to the import and export of fuel to the Director-General of the Department of Business. Energy will be informed within the 15th day of the month following the month in which the daily accounting is recorded. Along with informing the average cost price and the crit eria used to calculate the average cost of fuel every quarter. and cases where oil traders improve their accounting records or change information The Director-General of the Department of Energy Business must be notified within 7 days. The information received will be considered secret government information and will be kept with the utmost secrecy. The average cost of fuel, which is considered necessary information to formulate an appropriate energy policy, consists of the price of fuel. This includes crude oil, natural gas, liquefied petroleum gas, gasoline, and diesel fuel. and other costs directly related to buying and selling fuel, such as transportation costs, insurance costs, brokerage fees Expenses for exchanging and transferring money, taxes, duties or any other fees which the entrepreneur has recorded in the account and is obliged to pay Calculated on average in units per liter for each quarter of the fiscal year. However, such action is necessary for determining the country's energy policy. To pr ovide the government sector with necessary information to formulate appropriate energy policies so that domestic fuels have fair selling prices that reflect the true costs. Citizens are protected from unreasonable profits in the sale of fuel. and business operators of all types and levels have increased ability to compete internationally. 'You probably remember when you accepted a new position. I'm trying to figure out what the cost of each type of energy is. Is the price sold to the public accurate and fair? but received no answer They claimed that they were trade secrets and that the law did not authorize them. So my team and I studied and found that there actually was a way to request information, but no one had ever done it before. Therefore, we have drafted an announcement to set guidelines and methods for the government sector to have access to cost information. In the past, there has been a reduction in the price of energy, both oil and electricity, and a fixation of the price of cooking gas. But this is only a short-term measure. But the policy of dismantling the energy system This will permanently reduce the burden of energy costs on the people. When the government sector has complete information comprehensive and has laws that give power They can consider and examine costs so that the private sector has a reasonable level of profit. It does not create an unreasonable burden on the people and is able to compete. The country will have energy security. People get to use energy at a fair price. Today, it has begun by requiring oil traders to provide information on oil imports and exports. And in the future, we will begin adjusting other types of energy systems, including electricity and cooking gas,' Mr. Peeraphan Said. Source: Thai News Agency