Photo by Ronald Langeveld on Unsplash
The Employers’ Confederation of Thai Trade and Industry (EconThai) expressed approval for the Thai government’s latest move to slash both electricity and diesel costs. This initiative is aimed at alleviating the financial pressure on households and businesses.
The reduction in power tariff was confirmed yesterday, following Prime Minister Srettha Thavisin‘s policy statement announcement in parliament, reports Bangkok Post.
The new power tariff is set at 4.104 baht per kilowatt-hour, a decrease from the previous rate of 4.45 baht. Additionally, a price ceiling of 30 baht per litre has been established for diesel, a slight drop from the current 31.94 baht per litre.
Vice-chairman of EconThai, Tanit Sorat, believes that these reductions will prove beneficial for businesses, particularly those in the logistics sector,…
