from the previous year by 0.8%, averaging at 64.41 million liters per day. However, diesel consumption has increased slightly in the past few months following the government’s decision on diesel subsidy by slashing excise tax by 2.50 baht per liter according to the type of diesel while cash drawn from the Oil Fuel Fund cover the rest of the subsidy to cap diesel prices at 30 baht per liter until December 31, 2023. The Cabinet has since extended the diesel subsidy to keep diesel price at not more than 30 baht from January 1 to March 31, 2024 to stabilize people’s cost of living. The consumption of Jet A1 fuel from January-December 2023 averaged at 13.50 million liters per day, an increase of 50.9% from the same period of the previous year. This is due to the recovery in tourism, spurred by the government’s targeted visa-free policy. Tourists from China and Kazakhstan have been granted visa-free privilege for 5 months (September 2023-February 2024) and those from India and Taiwan are eligible to the same privilege for 6 months (November 2023May 2024). The number of inbound air passengers were expected to grow considerably as a result. LPG consumption in January-December 2023 averaged at 17.60 million kilograms per day, an increase of 0.6% from the same period of the previous year. Of this, the transportation sector consumed 3.6% more LPG at 2.27 million kilograms, petrochemical consumed 0.9%more at 7.60 million kilograms per day. Meanwhile, the general household consumed 0.05% less, averaging at 5.74 million kilograms per day and the industrial sector’s LPG consumption dropped by 1.6% to 2.00 million kilograms per day. Fuel imports from January-December 2023 averaged at 1,033,556 barrels per day, an increase of 4.3% from the same period of the previous year, representing a total import value of 96,107 million baht per month. Of this, the share of daily crude oil imports averaged at 962,192 barrels per day, an increase of 5.4%, translating into the average monthly value at 90,754 million baht. Meanwhile, the importation of refined petroleum products (regular gasoline, base diesel, fuel oil, jet fuel and LPG) stood at 71,364 barrels per day, down 8.5 percent, representing the average monthly value of 5,354 million baht. The exportation of refined petroleum products from JanuaryDecember 2023, comprising gasoline, diesel, fuel oil, jet fuel, kerosene and LPG, registered a combined export volume of 183,304 barrels per day, an increase of 15.0%, representing a total export value of 19,199 million baht per month. Source: Department of Energy Business - Jan.-Dec. 2023 Gasoline consumption by fuel type High-speed diesel consumption by fuel type GSH91 22% B7 98% GSH95 57% ULG95 1% E85 1% B10 1% B7 Premium 1% E20 19% 77 Structure and Business Operations of IRPC 56-1 ONE REPORT 2023
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