Thai Economy NewsThailand Politics

No fuel subsidy until US$90

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)

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