The Federation of Thai Industries (FTI) wants the government to reconsider the plan to increase the fuel tariff (Ft) as the group works to slow rising energy costs and the pressure on the manufacturing sector.
Thailand looks certain to increase the Ft, which is used to calculate power bills, as a result of the global oil price surge that began last year and is being driven by the Russia-Ukraine war, the Energy Regulatory Commission said earlier.
The country depends mostly on natural gas for electricity generation. When gas supply from the Gulf of Thailand decreased, the country imported more liquefied natural gas.
Gas prices usually increase after oil price hikes.
A recent FTI survey found 68.3% of the 460 members interviewed across 45 industries support the government maintaining the Ft while the economy is ailing.
Thailand not only faces repercussions from the…
