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Oil prices in Thailand cheaper than neighbors

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BANGKOK, 10 March 2011 (NNT) – Domestic retail oil prices in Thailand remain cheaper than other countries in ASEAN, except Malaysia, which has been implementing a price subsidy policy, making it the only country in the region where oil prices are cheaper than Thailand.

According to Energy Policy and Planning Office (EPPO) Director Viraphol Jirapraditkul, retail oil prices in Thailand are cheaper than many neighboring countries, especially that of diesel, despite sporadic price adjustments following global price hikes.

NNT


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