Chart : retail prices of diesel and other fuels until september

Update of the chart “PTT retail prices of fuels (Bangkok)”.

The peak was reached on july 7. At that time, diesel was at 43,54 THB per liter. Gasoline (regular 91) at 42,19 THB.

Then, the government decided to subsidize diesel (with the so called “rescue package”, along with free water, free electricity, read here). It started end of july. Then oil prices on the world market declined.

Today diesel costs 30,74 THB per liter, a drop of… 30 % !

Thais drivers were obviously aware… because consumption and imports of oil started to… increased again, putting pressure on the trade balance. 😉

Therefore, the oil orgy can continue… Sabai. But watch out… the “rescue package” will end in january (6 months only, for a total costs of more than 40 billions THB)… Prices should go up after.

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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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