Fuel prices in Thailand increased by six baht per litre, the second rise in three days, due to the government’s decision to end costly subsidy programs amidst escalating global oil prices driven by tensions in the Middle East. The Oil Fuel Fund Executive Committee raised prices to align with regional rates and cited the unsustainability of maintaining previous subsidies. The new retail prices for various fuel types were announced, with officials considering targeted relief measures for consumers. The decision reflects the challenge of balancing fiscal discipline and consumer protection in the face of volatile energy markets.
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