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.
Read moreThe currency devaluation is having a damaging effect on the Lao economy, driving up the price of products and creating more hardship for the poor.
Read moreRemoval 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.
Read moreRussian gas is 70% cheaper than supplies from other international sources, according to Nikkei, citing local media.
Read moreThe 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.
Read moreA plummeting currency, dwindling foreign reserves, and a spike in global oil prices have led to shortages across the country.
Read moreFuel 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.
Read moreThe year-on-year inflation rate in Laos surged to 9.9 percent in April, the highest figure recorded since January 2016
Read moreThe government will consider cutting or even waiving excise tax on the price of imported oil, to reduce skyrocketing prices at petrol stations.
Read moreTo 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
Read moreInflation 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.
Read moreThe year-on-year inflation rate jumped to 7.3 percent in February, the highest figure recorded in Laos since January 2016.
Read moreLao Airlines – the national flag carrier – has decreased domestic flights to balance its revenues and expenditure.
Read moreFuel 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.
Read moreSource: Vientiane Times Motorists in Vientiane and provinces across Laos are in the hot seat again as the retail prices
Read moreThe cost of all types of fuel in Laos, especially in Vientiane, is likely to hit a record high this year
Read moreMotorists in Vientiane are struggling to find premium grade and regular fuel for their vehicles after some petrol stations ran out of supplies
Read moreSource: Vientiane Times Motorists across the country are rushing to petrol stations to fill up their tanks after the government
Read moreFuel prices fell on Monday morning in line with the trends in the world market even though people are worried about a shortage of supplies
Read moreThe average fuel price in Laos is more than double than the global price
Read moreThe 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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