PHUKET: Oficials on Phuket have set up a cost-saving market as pressure mounts on prices and big national firms undertake to lower the price of fuel.
High fuel prices and profit-taking middlemen have become the government's target in attempting to keep the prices spiral from getting out of hand.
On Phuket yesterday, Vice Governor Somkiet Sangkaosutthirak opened a public market in Damrong Road, Phuket Town, which will sell basic goods (30 eggs at 80 baht, rice at 37 baht a kilo, sugar at 23.50 baht a kilo) at reasonable prices from 9am-5pm daily.
The national government has give each of the provincial administrations 100,000 baht to set up one of these markets.
The rush is on to be seen to fall in line with the government's prices campaign.
PTT and Bangchak Petroleum announced the cutting of pump prices by 0.40 baht a litre for petrol and gasohol and 0.20 baht per litre for gasohol E85 from 5am today.
Blaming middlemen for not cooperating, Prime Minister Yingluck Shinawatra said yesterday that the prices of some consumer products had yet to come down even though their actual costs had become lower.
Meat and vegetable prices are more difficult to contain because of the fluctuating relationship between supply and demand.
High fuel prices and profit-taking middlemen have become the government's target in attempting to keep the prices spiral from getting out of hand.
On Phuket yesterday, Vice Governor Somkiet Sangkaosutthirak opened a public market in Damrong Road, Phuket Town, which will sell basic goods (30 eggs at 80 baht, rice at 37 baht a kilo, sugar at 23.50 baht a kilo) at reasonable prices from 9am-5pm daily.
The national government has give each of the provincial administrations 100,000 baht to set up one of these markets.
The rush is on to be seen to fall in line with the government's prices campaign.
PTT and Bangchak Petroleum announced the cutting of pump prices by 0.40 baht a litre for petrol and gasohol and 0.20 baht per litre for gasohol E85 from 5am today.
Blaming middlemen for not cooperating, Prime Minister Yingluck Shinawatra said yesterday that the prices of some consumer products had yet to come down even though their actual costs had become lower.
Meat and vegetable prices are more difficult to contain because of the fluctuating relationship between supply and demand.
'Supply and demand' dictate prices'' - nothing else works in the long term.
I expect market traders (from other markets) to be queueing up to buy these cheaper products and then sell them on at normal prices in their own market.
Posted by Buster on May 12, 2012 11:50