Retail price of 244 goods slashed to reflect falling fuel prices
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Following falling fuel prices, 23 manufacturers have finally agreed to reduce the retail prices of 244 goods, including food and beverages, building materials and petroleum products.
The cuts will range from Bt0.50 to Bt14,000, or 2.08 to 18 per cent, per item, depending on the cost of production and weight of the goods.
Commerce Minister Apiradi Tantraporn said Thursday the government has held close discussions with the manufacturers.
Many have been prompted to adjust their prices to reflect lower costs of production, mainly oil and transport costs.
Most food traders have left their prices unchanged, so consumers should enjoy a lower cost of living and have more spending power. That would stimulate the domestic economy.
