Bus companies : subsidy of 3 THB per liter for diesel

After a few hours of strike thursday, the private bus companies won the state’s support (read here).

PTT refineries [on the order of the government] agreed to reduce prices of diesel for private bus operators in the next six months, Prime Minister Samak Sundaravej said Friday.

Mr Samak said the refineries agreed to cut the price 3 baht/litre starting from June to November.

It is expected that the cutting of oil prices for private bus operators will help shoulder their burden 122 million baht/month. (Bangkok Post)

What a victory ! Let’s cheer up!

As to know what will happen in six months… and who will “shoulder the burden of 122 millions THB per month“… don’t be a joyce-breaker. Those are not very interesting questions. ๐Ÿ˜‰

Just another step toward the zimbabwefication of the country.

UPDATE
They have really no shame ! PTT is Santa Claus ! ๐Ÿ˜‰

Speaking after attending the meeting to observe the discussion, Mr. Samak, who is also the defence minister, said he had to appreciate the refineries’ decision which he believed could boost the government’s efforts to cope with surging energy costs.

We have to thank the oil refineries because their decision to cut the ex-refinery diesel price by 3 baht per litre for six months not only helps the Energy Ministry, but also the Transport and Agriculture Ministries and the government,” he said. (TNA)

And even better :

“The four refineries volunteered to cut their margins. This is not a compulsory or market-intervention measure,” Energy Minister Poonpirom Liptapanlop insisted. (Nation)

And about the total cost of this subsidy : “Four refineries will shoulder a loss of Bt2.19 billion for the monthly supply of 122 million litres of cheaper diesel to the sectors most affected by the recent high prices

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.


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