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Academic voices support for fuel tax hike

BANGKOK, 7 July 2009 (NNT)- An academic from Thammasat University has voiced support for the Government’s plan to increase fuel excise taxes. He indicated the hike would compel more citizens…

Dr. Anusorn: Bangchak pegs its retail prices of domestic oil products for next few days

BANGKOK, 9 June 2009 (NNT) – Bangchak President Anusorn Saengnimnuan divulged that his company would peg retail prices of its oil products for next few days, while expecting that crude…

Oil fund not to shoulder oil price more than 4 months

BANGKOK, 1 June 2009 (NNT) – Energy Minister MD Wannarat Channukul affirmed that the rising price of oil depended on the global marketing mechanism while stating that the oil fund…

OPEC Unlikely to Announce New Output Cut in May

The Organization of Petroleum Exporting Countries, supplier of about 40 percent of the world’s oil, is unlikely to announce a further output cut at its next meeting as prices “stabilize,”…