LPG subsidy is bleeding the importer in billions, soon it could deal a serious blow to the economy unless proper action is taken

The aggressively fast soaring oil prices this year have created probably the most serious fuel problem in 35 years. In the first half of this year, automotive fuel prices have risen nearly 50%.

For many people, money has never disappeared from the wallet so quickly.

Compounded by rising costs of virtually all other commodities, including our national staple diet of rice, the financial sting suddenly turned into a near-fatal blow. People panicked and searched for quick-fix solutions.

The price discrepancies between petrol and the two auto gases were easiest to grasp _ B40 for petrol versus B8.5 per kilogram of CNG (compressed natural gas) and B11.5 per... // Bangkok Post