Oil and gas price rises due to the Russian invasion of Ukraine. (Photo: Bangkok Post)
Executives at the Federation of Thai Industries (FTI) want the government to freeze the fuel tariff (Ft) on power bills and maintain retail gas prices to ease the impact of soaring global oil prices on economic activities and the cost of living.
Some 80.7% of FTI executives surveyed are in favour of the authorities holding steady the Ft rate for four months, from May to August this year.
A cap on the Ft is viewed as one of the most effective ways of dealing with higher energy prices, according to the FTI, which interviewed 150 executives in 45 industries across Thailand.
Encouraging businesses to save electricity was mentioned as a solution by 59.3%, followed by 53.3% supporting the maintenance of retail gas prices,…
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