Thailand Overhauls Oil Price Structure After 22 Years, Aiming to Reduce Public Burden by 10.8 Billion Baht
The Thai government has decided to revise its oil price calculation structure, which has been in place for 22 years, by eliminating "virtual costs" that were detached from reality. This reform is expected to reduce the annual burden on the public by approximately 10.8 billion baht, with significant price reductions for diesel.
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