ID :
193434
Thu, 07/07/2011 - 09:08
Auther :
Shortlink :
http://m.oananews.org//node/193434
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Pheu Thai will maintain state oil fund, says Yingluck
BANGKOK, July 7 (TNA) - Thailand's designated Prime Minister Yingluck Shinawatra said Thursday that her Pheu Thai Party has no policy to shut down the state oil fund, but will temporarily suspend certain levies contributed to the fund until an appropriate time.
Yingluck made it clear that her new Pheu Thai Party-led coalition administration, once taking office in the coming months, will, instead, suspend the state oil fund's levies imposed on premium and regular gasoline, or benzene 95 and 91, and diesel for a certain period of time, aimed to reduce retail prices of the three types of fuel and to ease people's transport costs.
Yingluck noted that the state oil fund's subsidy for liquefied petroleum gas (LPG) and natural gas for vehicles (NGV), mostly used by public buses and cabs, will be maintained to curb their retail prices, insisting that her government will discuss with all parties concerned and study all-sided impacts of the plans and all other major policies before they are implemented to ensure their economical practicality without any inflationary threat.
The leading businesswoman-turned first female Thai prime minister-to-be acknowledged that her Pheu Thai Party also has no policy to float exchange rates now, but allowing them to move in accordance with the market mechanism, saying that any change of the sensitive exchange rate policy will be implemented only after an endorsement of experts, including those of the Bank of Thailand (BOT), to contain its negative impacts. (TNA)
Yingluck made it clear that her new Pheu Thai Party-led coalition administration, once taking office in the coming months, will, instead, suspend the state oil fund's levies imposed on premium and regular gasoline, or benzene 95 and 91, and diesel for a certain period of time, aimed to reduce retail prices of the three types of fuel and to ease people's transport costs.
Yingluck noted that the state oil fund's subsidy for liquefied petroleum gas (LPG) and natural gas for vehicles (NGV), mostly used by public buses and cabs, will be maintained to curb their retail prices, insisting that her government will discuss with all parties concerned and study all-sided impacts of the plans and all other major policies before they are implemented to ensure their economical practicality without any inflationary threat.
The leading businesswoman-turned first female Thai prime minister-to-be acknowledged that her Pheu Thai Party also has no policy to float exchange rates now, but allowing them to move in accordance with the market mechanism, saying that any change of the sensitive exchange rate policy will be implemented only after an endorsement of experts, including those of the Bank of Thailand (BOT), to contain its negative impacts. (TNA)
