PTT Focuses On Sustaining Its Business Operations
The company’s policy is linked to the unfavourable global economic outlook and continuing depreciation of the kip, which are impacting on businesses in Laos.
Read moreThe company’s policy is linked to the unfavourable global economic outlook and continuing depreciation of the kip, which are impacting on businesses in Laos.
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 moreThe government is holding talks with the Lao Fuel and Gas Association over the possibility of importing another shipment of fuel, as it is expected that current stocks will be depleted by the end of this month,
Read moreThe Lao government is committed to ensuring that sufficient supplies of fuel are provided to meet public demand and boost economic growth after a countrywide fuel shortage in May and June caused widespread disruption.
Read moreThe West has pressed Laos to ditch Russia and support its sanctions but the SE Asian nation has stayed true to its old Cold War ally
Read moreThe government pledged to ensure sufficient fuel is available by pursuing market-based mechanisms, saying this would minimise damage to the economy and small-scale commercial production.
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 moreThe value of the Lao kip has dropped significantly since last year against the backdrop of volatility in the global fuel market due to the Russia-Ukraine conflict.
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 cost of all types of fuel in Laos, especially in Vientiane, is likely to hit a record high this year
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