The Bank of Thailand does not consider caps imposed on retail oil prices as an immediate threat to the country’s fiscal stability, said deputy governor Thirachai Phuvanat-naranubala. Since February 1, the government has capped the price of premium gasoline at 16.99 baht a litre, regular at 15.99 baht and diesel at14.79 baht. (US$1=42 baht). The…
THAILAND: Central Bank sees no immediate threat from oil price caps
Posted on March 3, 2003 by EnergyAsia