35.7 C
Bangkok
Friday, March 29, 2024

Thai exports rise 17.1% y/y, beats forecasts as govt extends cap on diesel prices to help consumers

BANGKOK, Oct 23 (Reuters): Thailand’s exports rose a more than expected 17.11% in September from a year earlier to $23.04 billion, commerce ministry data has showed.

That compares with a forecast for a rise of 11.62% in September in a Reuters poll and after August’s 8.93% increase.

The ministry will hold a briefing on the trade data next week.Thailand will extend its diesel price cap of 30 baht ($0.8987) per litre beyond this month, its deputy prime minister said on Wednesday, as global oil prices put a strain on consumers and an economy struggling from the pandemic.

The support will be financed by the country’s oil fund and a loan, Deputy Prime Minister Supattanapong Punmeechaow, who is also energy minister, told a news conference.

He did not provide a timeframe for how long the price cap, which…

Read more…

Latest Articles