Companies pressing for diesel freeze | Bangkok Post: business

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Companies pressing for diesel freeze

  • Published: | Viewed: 861 | Comments: 0
  • Newspaper section: Business
  • Writer: Wasu Vipoosanapat
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Business leaders called on the National Council for Peace and Order (NCPO) to keep diesel prices below 30 baht a litre for another year and set up a special committee to drive exports. 

Tanit Sorat, a former vice-chairman of the Federation of Thai Industries (FTI), said the retail price of diesel should be kept below 30 baht or it would push up the cost of transport.

Transport costs make up 3-5% of the total cost of goods. If the diesel price rises by one baht a litre, it will increase costs by another 0.4%, he said.

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