Economy expected to make headway in H1 - News Summed Up

Economy expected to make headway in H1


According to Mr Supattanapong, the resumption of the Test & Go tourism scheme on Feb 1 will also help revitalise the tourism industry. The Tourism and Sports Ministry expects the resumption of the Test & Go tourism scheme should allow the country to attract at least 8 million tourists this year. Called biodiesel B5 due to the 5% methyl ester mix, the fuel is single-grade biodiesel that Epac estimates will be sold domestically until the end of March. The mix of diesel with methyl ester aims to reduce dependence on oil and support palm oil prices, but the authorities need to reduce the methyl ester proportion as the prices of both diesel and methyl ester have increased. Epac earlier postponed offering 10% and 20% methyl ester blended diesel, forcing fuel retailers to sell only biodiesel B7 from Dec 1 last year until March 2022.


Source: Bangkok Post February 03, 2022 08:47 UTC



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