AI In-brief Today 09:14

Petrol prices cut by 0.70 baht per litre as global market softens

The Fuel Fund Executive Committee (FFEC) implemented a 0.70 baht per litre cut for petrol and premium fuel retail prices, effective immediately.
This reduction is attributed to a softening in global crude oil prices, driven by easing geopolitical tensions and anticipated supply increases from key Gulf nations.
While Gasohol E20's retail price decreased, Gasohol E85 and diesel prices remain unchanged, with subsidies adjusted across various fuel types.
The move aims to alleviate the cost-of-living burden and enhance the Oil Fuel Fund's liquidity, though the FFEC cautions about ongoing market volatility.

AI In-brief Today 02:21

Pre-pandemic global employment levels not expected until 2023 - OECD

**Global Employment Recovery Delayed: ** The OECD projects global employment levels will not rebound to pre-pandemic figures until at least 2023, with 22 million more people currently out of work across member countries.
**Uneven Impact & Incomplete Recovery: ** Despite faster-than-anticipated progress in some regions like the US, the recovery remains incomplete, disproportionately affecting women workers and young jobseekers who face significant work hour reductions.
**Industrial Confidence Declines: ** Concurrently, the industrial confidence index in Thailand recorded its lowest point in 12 months for June, marking a third consecutive monthly fall due to the ongoing third wave of the COVID-19 pandemic.

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