FTI wary of oil price surge, bahtA car refuels at a Bangchak petrol station on Vibhavadi Rangsit Road. (Photo: Apichit Jinakul)The Federation of Thai Industries (FTI) has asked the government to carefully deal with two key economic issues -- the global oil price surge and baht depreciation -- to avoid a greater burden on the pandemic-plagued economy. "Global oil prices are on the rise, which affects retail prices for oil and gas. The rise in oil prices will affect the prices of commodities, including sugar and rice, as their production processes and transport require oil as a fuel. "The FTI is concerned the baht will continue to weaken during the oil price surge and the Covid-19 outbreak," said Mr Supant.

Source: Bangkok Post October 10, 2021 22:52 UTC