PTT Chief Urges Thai Junta to End Fuel Subsidies: Southeast Asia
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Thailand’s junta should remove fuel subsidies that have cost $15.6 billion over the past three years to free up funds for crucial infrastructure projects, PTT Pcl Chairman Piyasvasti Amranand said in an interview.
“When you have absolute power, it has to be easier” to deregulate energy prices, said Piyasvasti, 61, who was appointed energy minister after a military coup in 2006 and was asked to lead the state oil company’s board after the army again seized power on May 22. “If it’s not done at this time, it will be first coup d’etat that we do not see price reform.”