Thailand Says Diesel Prices May Climb as Oil Fund Dwindles
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Thai Finance Minister Korn Chatikavanij said the nation may need to curb diesel subsidies as funding runs out, a challenge to the government’s efforts to quell inflation and build support ahead of elections this year.
“We can continue as long as there is money in the oil fund, and that would last in cash terms until around July,” Korn said in an interview with Bloomberg Television in Bangkok today. Prime Minister Abhisit Vejjajiva said today his policy priority is to help people cope with rising prices.