Why Does Gasoline Not Drop In Price?

[MikeCNX]

The THB has appreciated so much in the last year or so vs i.e. the USD (oil price) that it should have dropped if the companies would forward the "discount".Keep in mind that the ACTUAL cost of gasoline is low, it's the taxes and other levies that make it dear.

[lomatopo]

If you are talking about Thailand then the answer is that the government, EPPO, subsidizes, and controls, the price of gasoline, and other fuels.

http://www.eppo.go.th/retail_prices.html

Edited December 9, 2010 by lomatopo

[MikeCNX]

If you are talking about Thailand then the answer is that the government, EPPO, subsidizes, and controls, the price of gasoline, and other fuels.

http://www.eppo.go.t...ail_prices.html

Indeed Thailand, and don't get me wrong here, I am NOT complaining about the low pricing compared to Europe, just something I noticed.

Thanks for the answer. Again I learned something today

[bonobo]

Well, it dropped 60 satang last week, but went back up 50 this week.  

[steelepulse]

If you are talking about Thailand then the answer is that the government, EPPO, subsidizes, and controls, the price of gasoline, and other fuels.

http://www.eppo.go.t...ail_prices.html

I agree about controlling the price, but I don't understand how petrol can be subsidized when it is much more expensive than a free market that also has taxes on fuel like the U.S.. Looking at the chart here http://gasbuddy.com/gb_retail_price_chart.aspx Gas is right about 3.00/gallon, or 90 baht. This comes to less than 24 baht/litre with all the various road taxes.

[Ricardo]

Aren't global oil-rices currently at a post-crash high ?

[whybother]

Aren't global oil-rices currently at a post-crash high ?

Everytime the $US drops, global fuel prices rise.