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Thailand Cuts Diesel Prices Amid Global Oil Price Drop
In an effort to ease financial pressure at the fuel pumps, Thailand's Oil Fuel Fund Office (OFFO) announced plans to maintain diesel prices below 33 baht per litre, despite winding down the existing subsidy programme. This decision follows an upturn in OFFO's financial outlook due to a global decrease in oil prices. The fiscal year 2024 brought a reduction in OFFO's losses, as spending on domestic diesel subsidies dropped. Pornchai Jirakulpisan, leader of OFFO's policy and strategy department, confirmed that while the fund will continue supporting diesel prices, no cabinet approval will be sought to extend the subsidies. However, he acknowledged the potential for global oil price fluctuations to impact their financial strategies. By August, OFFO's fortunes began to improve, with monthly revenues increasing by 7 to 9 billion baht. Losses decreased from 112 billion baht in July to over 99 billion baht by September. The majority of losses were due to diesel subsidies, with some related to liquefied petroleum gas (LPG) subsidies. OFFO aims to repay debts to financial institutions by September 2028. Starting November, payments of 139 million baht will begin, initially covering only the principal, with plans to increase monthly principal payments while excluding interest costs ranging from 250 to 300 million baht. The financial reprieve is attributed to lower global crude oil prices during the fiscal 2024 period. Dubai benchmark oil prices dropped to $81.6 per barrel from $83.4, while diesel prices fell to $102 from $112.9, partly due to reduced demand and China's economic slowdown. Nonetheless, geopolitical tensions, including the Russia-Ukraine conflict and Israel-Hamas issues, have kept diesel prices above $100. Meanwhile, the government maintains the LPG price cap at 423 baht per 15-kilogramme cylinder, continuing efforts to manage energy costs domestically. File photo for reference only -- 2024-11-01 -
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Epstein -- Trump connection. No smoking gun but definitely hot embers
See, look at that...like grammar school...you are....GAY, bwahahahahahahahahaha -
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Epstein -- Trump connection. No smoking gun but definitely hot embers
Do you really think people are going to swallow a lie like this? Who's still talking about the assassination attempt on Trump? And would it be the same if it was Biden or Harris? No chance! The problem with you Stalinist propagandist types, is you always try to accuse people of what you re doing yourself. Sometimes you get away with it, but sometimes, like now, you don't.- 1
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This is my America sadly
This far right push is an over reaction to having a black president for 8 years… to this day they have never gotten over having a minority being top dog over the white population… Trump was sharp enough to manipulate and control this large sub population by saying BO wasn’t born in America and trump since hadn’t let up telling the people what they want to hear… trump just wants the power of the presidency and has no interest in running the country and representing America and all Americans to the world hence America first… trump divides not unify and the position calls for unity and representation…trump represents only his base and that is all he cares about…why would he talk about the enemy from within and prosecute any and all who disagree with him… let Tuesday be the end of trump (like trump university) and his authoritarian tactics…. -
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How to Squander Money and Ruin Our Reputation in this World
Why would I debate a Geordie about anything else? Its not like what you say about American is useful, knowledgeable or coherent? -
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Thai Man Arrested for Firing Gun in Pattaya Restaurant Dispute, Claims It Was a Blank Gun
Lock him up in a blank cell, one without windows, no lights, and a solid door. -
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Loudest most Jarring ring-tone for Android?: What is the loudest ringtone one can select?
What has the above cr@p post got to do with my post? Just more useless verbiage from a dolt/Bot! -
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New affordable EVs at the Nov 2024 Bangkok Motor Show
I am in for a new affordable plugin hybrid or EV. I am not satisfied yet with the cars available in the market right now. Therefore I was following the new announcements and launches in the 4th quarter this year. In Nov-Dec there will be a Bangkok Motor Show again. These are the cars I will be looking forward to: BYD Atto 3 competitors 1) Geely Galaxy EX5. On paper in many aspects a better car, and most importantly a safer battery that charges faster and has a higher energy density. Unfortunately Geely will have their EVs produced in Malaysia [Proton] and the Thai distributor [Thonburi Panich Group] does not have so many dealers across the country. 2) GAC Aion V A longer car than the Aion Y Plus. Curious how the quality level is. Unfortunately GAC is a small manufacturer compared to Geely or BYD. 3) Changan Deepal S05 A smaller brother of the S07. Has not been announced yet that this car will at the show. Is lik the EX5 a big hit in China at the moment. 4) Xpeng Mona M03 It would be a pleasant surprise if Xpeng will show this budget car at the show. High efficiency, big boot space for a liftback. And excellent software [no 3 after Tesla and Nio]. Don't expect it to be launched in Thailand soon, as Xpeng cannot produce enough for the Chinese market. Bigger SUVs 1) BYD Sealion 7. The EV equivalent of the Sealion 6 PHEV. Will the price be between Sealion 6 and Seal? 2) Geely Galaxy L7 The PHEV competitor of the Sealion 6. Unfortunately not confirmed that it will be at the show. 3) Neta L [BEV or extended range] This is a longer version of the Neta X with luxury items like a fridge and massage for the front passenger. Unfortunately Hozon Auto, the manufacturer sells less cars in China and they are in urgent need of cash injections. 4) Leapmotor C10 [Stellantis] Will be launched in Thailand. Has high ratings in China. Not on my top list. Pickups 1) Geely Riddara RD6 [BEV] Already announced last month. Lower priced compared to BYD Shark in Malaysia. 2) BYD Shark PHEV Will it be announced in Thailand? Much larger and more luxurious pickup than Geely's.
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