Bangkok—Thailand’s Cabinet May 14 resolved to suspend a price hike of CNG and LPG temporarily in a bid to deal with the rising cost of living—an issue that is creating a political backlash for the Yingluck Shinawatra administration. The resolution, announced by Deputy Prime Minister Kittiratt Na-Ranong, means that local prices of LPG and CNG for use in the transport sector will remain capped at Baht 21.13 ($0.67)/kg and Baht 10.50/kg respectively, over the next three months to August 15.
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