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Without Warning, Fuel Prices Rise To 3-Year High

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Without Warning, Fuel Prices Rise To 3-Year High

By Jintamas Saksornchai, Staff Reporter

 

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Photo: Matichon

 

BANGKOK — Steady hikes to oil prices this month have the transport sector jittery and consumers unhappy they’re no longer notified in advance as the cost per liter rose to the highest level in over three years.

 

After diesel prices increased by more than 2 baht in the past month following a recently announced policy barring advance disclosure of price changes due to antitrust concerns, people are complaining it is meant to leave the public in the dark.

 

Full story: http://www.khaosodenglish.com/featured/2018/05/21/without-warning-fuel-prices-rise-to-3-year-high/

 
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-- © Copyright Khaosod English 2018-05-21

 

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Good. Perhaps it will entice some locals to actually WALK those pathetic 70 yards to the next 7-Eleven or "kap khao" shop instead of feeling compelled to drive every single centimeter of distance they need to cover in their lives. 

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Not surprising at all, my share ("stock" for you Americans) holdings in the oil and gas industry are going bonkers. Thank you Donald!

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Good news. Let's hope it gets much more expensive. People should walk when going on errands of 3k distance or less, that's why we have legs.  And imagine how beautiful Thai country roads would be with 80% less traffic.

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It might stop Thai's from leaving they pick-ups running when they are in 7-11, or where ever, keeping the air con going .

a most annoying habit. 

 

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"Record" prices about everywhere.

Record of course only in this 3 year perspective.

A long period of cheap oil has ended.

 

I don't want to kill the mood, but I expect the Diesel price will be capped at 30 Baht as it was for many years.

So not much hope that the pickup drivers will rethink their behavior (like running motor at the Tesco parking lot for Sunday family shopping :post-4641-1156693976:)

 

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Without Warning? Lol.  I don't think so.  Perhaps for the unobservant in society, which is the majority, who don't watch global oil prices or care about geopolitic.  Too preoccupied watching soap operas, mindless game show, and staring at their Smartphones to notice what is happening in the world.  Anyone who has there head out of the sand could see this coming and understand why. 

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Very predictable as the Donald once again went into a kindergarten fight with Iran and economic sanctions.

 

But maybe it was well planned to hike the stocks and the price of oil.

 

Those chuckling at the oil price soar, do not realise if oil prices hike, anything depending on transport will also soar (in other words, almost everything will increase).

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Wow, nice, get 10 and pay 100. That is the politic of the Junta government!

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So good many posts prefer high prices to low prices, not only that but don't have a care about the disabled with walking/mobility problems.

Don't agree with your view, I am not looking forward to increased fuel prices leading increased cost of goods, increased food prices etc etc but then I probably don't have load of cash to splash around.

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While I see how a consumer might see this is being “in the dark”, i do think that advance announcements of pending price hikes is a bad market policy from a competitve marketplace perspective.... only because it does, IMHO, open the door to easier market pricing and/or market supply acts of collusion between independent players.

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