News Forum - Thailand’s Prayut calls for sympathy on end of diesel price cap

[Thaiger]

As Thailand’s price cap on diesel comes to a screeching halt next month, PM Prayut Chan-o-cha is asking the public to try to understand the government’s limits in controlling prices. On May 1, the government is set to lower the subsidy on diesel. Up until now, the price cap has kept it at 30 baht per litre. On Tuesday, Thailand’s Energy Minister said the retail price is now at 40 baht per litre, although he stressed that the government will try to raise the price slowly. Despite the whopping price hike, Prayut insists the government is “ready to take care […]

The story Thailand’s Prayut calls for sympathy on end of diesel price cap as seen on Thaiger News.

Read the full story

[Ramanathan.P]

This is going to cause a ripple effect of diesel shortages in the border towns along Malaysian side as now more vehicles will be crossing over to fill in their bigger tanks...

[Pompies]

Subsidies are expensive to operate and distort the market. Just look at experience in other countries, like when the Soviets subsidised bread. Farmers fed freshly baked loaves meant for humans to pigs because subsidies made it cheaper than buying the unmilled grains as animal feed. This country needs to get frieght off the roads and onto rail, but of course Prayuth his totally failed to even get one km of track laid in the last 8 years. So the roads will remain clogged with trucks driven by amphetamine fuelled drivers for decades to come.