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Thailand Plans No Cut in Local Retail Oil Prices.
Byline: Yuthana Praiwan
Apr. 12--Local retail oil prices will not be reduced despite the fact that the state Oil Fund has gained about 800 million baht over the past few weeks as world oil prices have fallen.
Metta Banturngsuk, director of the Energy Policy and Planning Office (EPPO), said oil prices in the international market remained uncertain and could continue to fluctuate.
As a result, he said, local retail fuel prices needed to be frozen at the current levels for some time to come.
"After the Opec meeting on April 24 to consider if it will cut oil production to bolster falling oil prices, we will see a clearer direction of oil ...
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Source: HighBeam Research, Thailand Plans No Cut in Local Retail Oil Prices.