The price of cooking oil has now reached the price…

Early work of new government will soon establish its longer-term popularity - translated and summarized from Krungtep Turakit, January 31, 2008
The price of cooking oil has now reached the price of one hundred baht for two 1-liter bottles - a price hike that has brought about  a significant increase in the cost-of-living for the average citizen. The Commerce Ministry recently approved  a four baht price rise for soya bean oil to 49.50 baht per 1-liter bottle, with this hike adding to the discomfort already caused by previous recent increases in the price of palm oil.
The price of liquefied petroleum gas (LPG) will also soon increase, by three to four baht for a 15 Kg. gas bottle.
These skyrocketing cost-of-living increases are not balanced by any commensurate increases in people’s basic incomes. Such increases should be an indicator to the new government - led by Prime Minister Samak Sundaravej - that it urgently needs to solve the nation’s current economic problems. This will be an early challenge to the new administration - through which it will have an opportunity to demonstrate its mettle. The private sector is waiting to see what this new government intends to do to stimulate the economy, boost consumer spending and restore investor confidence.

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