Oil cost drops, prices stay up
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When the oil price was above US$120 a barrel I paid Bt408 for a bus ticket. Suppose 75 per cent of that amount (Bt300) covers fuel. Now the oil price has dropped below $30, a quarter of the previous amount, so the ticket price should be Bt175, and yet I s
I have seen no consumer goods decrease in price due to the oil-price decrease, and yet the reverse will be true as soon as oil prices rise again – all consumer goods will get more expensive.
Where is the consumer protection in Thailand – on holiday on the money ripped off from the consumers?
Egon Wout
