Goods Prices to Be Reduced After Oil Price Cut: Commerce Minister

[snoop1130]

 

BANGKOK, Sept 14 (TNA) – Prices of various goods will be reduced within 15 days following the government’s decision to lower electricity and diesel oil prices, said the Commerce Minister.

 

Deputy prime minister and commerce minister Phumtham Wechayachai began working at the Ministry on the first day, discussing with senior officials their joint effort to address the country’s crisis.

 

Their urgent policy is to monitor goods prices, as the Cabinet has already issued measures to lower electricity and oil costs.

 

Full story: Thai News Agency 2023-09-14

 

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[ExpatOilWorker]

Who is paying for this party?

Oil ???? is about to hit $100.

[retarius]

To be honest, I'm not sure that enforcing price cuts is the way to solve inflation. But this government has really impressed me with the committees and special panels they have created. Who would have thought of creating committees to solve problems, not me that's for sure. Anyway, if they cut prices for me and other really poor people I will be over the moon,. Thank you Phumtham ????

 

[dinsdale]

Good ol' Thaksin populist policies. The puppeteer and the puppet. 

Edited September 14, 2023 by dinsdale

[mikebell]

16 hours ago, snoop1130 said:

Prices of various goods will be reduced within 15 days following the government’s decision to lower electricity and diesel oil prices,

'Various unnamed goods'.  Prices only ever go one way in Thailand.

[brommers]

Prices will not go down on anything. The cuts in the price of electricity and diesel are minuscule and the higher prices are already factored into everything in the distribution pipeline. When the lower prices kick in there will be other costs(like the minimum wage, imported raw materials etc) that will have risen that easily wipe out the small reductions, so manufacturers and distributors will claim that reductions do not apply and the consumer will see no savings. The shell game continues.

[kingstonkid]

14 hours ago, retarius said:

To be honest, I'm not sure that enforcing price cuts is the way to solve inflation. But this government has really impressed me with the committees and special panels they have created. Who would have thought of creating committees to solve problems, not me that's for sure. Anyway, if they cut prices for me and other really poor people I will be over the moon,. Thank you Phumtham ????

 

You give them too much credit.  They are creating committee but that means nothing.  Hell they will spend 2 years arguing about who is in charge and should they have hot or cold drinks

[mancub]

42 minutes ago, kingstonkid said:

You give them too much credit.  They are creating committee but that means nothing.  Hell they will spend 2 years arguing about who is in charge and should they have hot or cold drinks

Err. think you'll find he's not actually crediting them for anything !

[digger70]

Yea Right, Pull the other one Mate , Prices off goods goin down? Not going to happen

How much (that's if you believe it).   1 Satang? or maybe one halve of a Satang.

[MrJ2U]

21 hours ago, ExpatOilWorker said:

Who is paying for this party?

Oil ???? is about to hit $100.

The prices at the pump are based on 100.00 a barrel.  

 

They just never lowered them when the prices when oil went down.

 

I wouldn't be surprised to see oil prices drop again with more Chinese recovery bad news 

 

Edited September 15, 2023 by MrJ2U