The government will not subsidise fuel prices unless world oil prices exceed US$90 per barrel, or diesel prices top Bt35 a litre, says Pornchai Rujiprapha,the permanent secretary to the Energy Ministry. Under the current tax and State Oil Fund collection rates, if global oil reaches US$90, domestic pump prices should rise by Bt4 to 5 per litre, or to Bt35 for diesel and Bt36 to 37 for gasohol. (Bangkok Post)
No fuel subsidy until US$90
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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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