Thailand is expected to enter a cycle of policy rate hikes in the second half of this year in response to persistently high inflation, according to research houses.
Energy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month.
The government will continue to cap the diesel price at 32 baht a litre thanks to the increased diesel excise tax cut of five baht a litre, says the board of the Oil Fuel Fund.
Thailand – Advanced BioFuels USA advancedbiofuelsusa.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advancedbiofuelsusa.info Daily Mail and Mail on Sunday newspapers.
We are living in a time of unprecedented oil price volatility. On Feb 8, the world oil price (WTI Crude) was a little less than US$90 (3,030 baht) per barrel (dpb), but a month later the price jumped violently to 124 dpb.