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Petrol Price Increase Possible as Part of Broader Package in Thailand.
Jun. 5--Petrol prices could be increased as early as next week as part of a broader package aimed at minimising the impact of soaring global oil prices on the Thai economy.
Energy Ministry officials met with Prime Minister Thaksin Shinawatra yesterday to brief details of the package, which includes new conservation measures such as early closing times for petrol stations and turning off some street lights to save electricity.
Mr Thaksin said afterward that the government had no plans to float retail petrol or diesel prices.
"We have no plans to float prices. It would be too heavy a burden on consumers, and it is just not needed," he said.
But ministers will meet on Monday to discuss whether the current price caps should be increased. Since Jan 10, the government has capped pump prices, with current ceilings at 14.59 baht per litre for diesel and 17.59 baht per litre for 95 ...
- Baht depressed by oil prices, falls to lowest in year.
- News wire article from: Asia Africa Intelligence Wire August 27, 2004 700+ words
...We are concerned higher oil prices will hamper the economy and continue to drive the Thai baht, which may trade between...months," she said. "If oil prices rebound, it'll be negative for the baht," Cheung said.
- PTT to cut oil prices by 0.20 baht.
- News wire article from: Asia Africa Intelligence Wire September 14, 2003 700+ words
...said it cut its oil prices by 0.20 baht a litre for diesel fuel and 0.30 baht for benzene fuel due to the decline of oil prices in world market...benzene 91 and 13.59 baht per litre for diesel...current decline of oil prices in the world market...
- Oil prices in Thailand to not exceed 30 baht per litre.
- News wire article from: Asia Africa Intelligence Wire August 12, 2005 700+ words
...reach as high as 30 baht per litre, as the...causing the global oil-prices to soar comes from...the world market oil-prices would continue to...that the domestic oil-prices would definitely not reach as high as 30 baht per litre, as feared...
- RISING WORLD OIL PRICES PIVOTAL FOR THAI BAHT, STOCKS THIS WEEK.
- News wire article from: AsiaPulse News October 22, 2007 700+ words
...22 Asia Pulse - The impact of high oil prices on the world market plus several other...Research Centre. The report said the baht - which closed at around Bt34.15...investors monitor trends of global oil prices which hit a new record high last week...
- High oil prices / weakening baht to keep the market trending down.
- News wire article from: Asia Africa Intelligence Wire July 26, 2004 700+ words
...pressure at the opening as investors respond to oil prices near $42/barrel and the weakening baht. Investors are also expected to be cautious...expected to see today due to the weakening baht. The baht fell to Bt41.10/US$ in offshore trading...
- Government walks tightrope between rising baht,rising oil prices.
- News wire article from: fnWeb.com April 20, 2006 700+ words
...hold talks on the rising oil prices and energy-saving measures...minister commented that oil prices, speculated to rise again...not freeze the domestic oil prices as earlier speculated...assure that the rising baht will not seriously affect...
- Thailand: Government walks tightrope between rising baht, rising oil prices.
- News wire article from: Thai Press Reports April 20, 2006 700+ words
...hold talks on the rising oil prices and energy-saving measures...minister commented that oil prices, speculated to rise again...not freeze the domestic oil prices as earlier speculated...assure that the rising baht will not seriously affect...
- Oil prices, strong baht: Risk factors affecting Thailand's furniture industry...
- News wire article from: Thai Press Reports May 5, 2006 700+ words
...several factors, notably steep oil prices, rising inflation and interest...expected to decelerate, while the Baht is on an upward trend. If the Baht's appreciation is sustained...they can turn the so-called 'Baht Crisis' into a business opportunity...
- THAI ENTREPRENEURS HIT BY HIGHER BAHT AND OIL PRICES.
- News wire article from: AsiaPulse News June 20, 2006 700+ words
...and the strengthening of the Thai baht have caused negative effects on entrepreneurs...factors of production, adding that if oil prices had decreased, entrepreneurs would...while the strengthening of the Thai baht has affected the exporting sector...
- Market expected to slip back on higher oil prices and weakening baht.
- News wire article from: Asia Africa Intelligence Wire July 29, 2004 700+ words
...again today due to market concerns about higher oil prices and weakening baht. Oil prices hit a 21-year high on Wednesday, but softened...growth and rising interest rates. Yesterday, the baht was trading at Bt41.40 to the dollar, having...
Source: HighBeam Research, Petrol Price Increase Possible as Part of Broader Package in Thailand.