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Article: Thailand to cut oil price
- Article from:
- Xinhua News Agency
- Article date:
- March 25, 2003
CopyrightCopyright 2003 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Thailand to cut oil price
BANGKOK, March 25 (Xinhua) -- Thailand will cut down retail oil
price due to declining market prices, Thai Energy Minister Prommin
Lertsuridej has said.
"Over the next few days we will cut retail prices of gasoline by
30 satang (about 0.007 US dollars)," Prommin was quoted Tuesday as
saying by local website Bussiness Day.
Prommin said the expected reduction of local retail oil prices
reflected the decline of refined oil prices in the Singaporean market
due to a clearer prospect for the outcome of the war in Iraq.
The current market prices of all petrol and diesel ...