The rapid increase of domestic diesel prices to nearly 33 baht a litre is pushing the Land Transport Federation of Thailand (LTFT) to prepare to petition Prime Minister Srettha Thavisin next Tuesday to cut the price back to 30 baht a litre.
RECAP: Asian stocks recovered on Friday after a three-day selling streak, boosted by a decline in US Treasury yields and weakness in the dollar amid optimism for more policy support after disappointing economic data from the US, China and Japan.
The days of cheap fuel for Thai vehicles filling their tanks across the southern border could soon be over as the Malaysian government is preparing to float diesel prices, probably this year.
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