Consumer products likely to cost more despite cut in diesel price
The move by the Oil Fuel Fund Office to approve a reduction in the retail price of diesel by 50 satang per litre from Wednesday is unlikely to deter consumer goods makers from hiking prices.
President of the Thai Wholesale and Retail Trade Association, Somchai Pornratanacharoen, said manufacturers were forced to hike product prices as skyrocketing energy costs had affected their overall cost of production.
The Nation Reporter
