Existing oil price structure unfair to consumers - Energy Minister

13 Sept 10:59 Key points summarised by AI

Energy Minister Pirapan Salirathavibhaga calls for an overhaul of Thailand's three-decade-old retail oil price structure, citing its unfairness to consumers.
He notes that pump prices frequently increase, despite recent ministry-announced cuts, due to oil traders' near-daily adjustments tied to global crude prices.
Pirapan asserts that domestic oil prices should be more stable, shielding consumers from daily fluctuations, and believes price volatility should be managed between the state and oil traders.
The minister commits to addressing the issue, acknowledging the challenge but emphasizing the necessity of action to reform the pricing system.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.