Laos Turns to China for Gasoline Imports Amid Economic Crisis
Laos has begun importing gasoline from China instead of purchasing it from neighboring Thailand amid an ongoing economic crisis.
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Fuel Price Laos
Weak Kip Harming Lao Economy
The currency devaluation is having a damaging effect on the Lao economy, driving up the price of products and creating more hardship for the poor.
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Lao Govt Approves Tax Cut On Diesel To Ease High Prices
Removal of the excise tax charged on diesel is in response to a request from fuel businesses and importers, who are struggling source sufficient funds to buy fuel.
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A Fuel Shortage Is Driving Laos — Which Is On The Brink Of A Debt Default — To Seek Out Cheap Russian Oil
Russian gas is 70% cheaper than supplies from other international sources, according to Nikkei, citing local media.
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Fuel Shortage Soon To Be Resolved, Lao Govt Says
The government says the fuel crisis will be resolved in the near future as it will provide Thai baht and US dollars to fuel importers by authorising additional foreign currency payments to oil companies so they can import more fuel.
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Lao Economy Grinding To A Halt As Fuel Crisis Deepens
A plummeting currency, dwindling foreign reserves, and a spike in global oil prices have led to shortages across the country.
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Fuel Shortage Causing Hardship For Lao People
Fuel shortages forced petrol stations in Vientiane and some provinces to close on Monday, with many of desperate motorists going from one station to another in the hope of filling up their tanks.
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Inflation Rate Closes In On Two Digits
The year-on-year inflation rate in Laos surged to 9.9 percent in April, the highest figure recorded since January 2016
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Govt To Mull Cut In Excise Tax To Reduce Price Of Fuel
The government will consider cutting or even waiving excise tax on the price of imported oil, to reduce skyrocketing prices at petrol stations.
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Govt To Slash Fuel Prices
To reduce the pressure of rising food prices, the government will cut the cost of fuel by 650 kip per litre for premium fuel, 540 kip per litre for regular fuel and 610 kip per litre for diesel
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Inflation In Laos Higher Than GDP Growth
Inflation in Laos has surged higher than the projected rate for the Gross Domestic Product (GDP), sparking fears among many people regarding the impact on their living standards.
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Inflation Jumps To Six-Year High Of 7.3 Percent
The year-on-year inflation rate jumped to 7.3 percent in February, the highest figure recorded in Laos since January 2016.
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Fuel Price Hike Impacts Flights, Regular Transport Services Unchanged
Lao Airlines – the national flag carrier – has decreased domestic flights to balance its revenues and expenditure.
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Fuel Prices, Currency Depreciation Drive Up Inflation In Laos
Fuel prices have increased six times in a period of just two months and 10 days, sparking greater concerns about the rising cost of living in Laos.
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Motorists Nationwide Hit By Yet Another Hike In Fuel Prices
Source: Vientiane Times Motorists in Vientiane and provinces across Laos are in the hot seat again as the retail prices
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Lao Motorists Stunned By Record High Fuel Price
The cost of all types of fuel in Laos, especially in Vientiane, is likely to hit a record high this year
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Motorists Grapple With Fuel Shortage In Vientiane
Motorists in Vientiane are struggling to find premium grade and regular fuel for their vehicles after some petrol stations ran out of supplies
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Fuel Prices Rise For Fourth Time This Year
Source: Vientiane Times Motorists across the country are rushing to petrol stations to fill up their tanks after the government
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Fuel Prices Drop Despite Concerns Over A Shortage Of Supply
Fuel prices fell on Monday morning in line with the trends in the world market even though people are worried about a shortage of supplies
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Lao Fuel Price Double World Market Average
The average fuel price in Laos is more than double than the global price
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Higher Fuel Price Driving Inflation In Laos
The rising price of fuel has become the new driving force behind inflation, sending a signal that the government must address this economic risk.
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