A sign displays high fuel prices at a PTT station in Bangkok on Wednesday as global oil prices are forecast to soar to more than $130 a barrel. (Photo: Nutthawat Wicheanbut)
Manufacturers will struggle to maintain their goods prices for another 3-6 months amid the Russia-Ukraine war, but they insist the government continue to cap diesel prices at below 30 baht a litre, says the Federation of Thai Industries (FTI).
Global oil prices threaten to soar to more than US$130 a barrel, while some raw materials have become more expensive, putting pressure on factories to increase the prices of their goods.
Businesses, especially in the logistics and transport sectors, are increasingly worried about oil prices, which may increase to levels that will seriously affect their operations.
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