Oil Prices Test Thailand Fiscal Limits, Forcing End to Price Cap

Thailand has abandoned its price cap on diesel less than a month since the Middle East conflict broke out, a stark sign of how the surging global crude costs are...

By Randy Thanthong-Knight, Suttinee (Ying) Yuvejwattana · Bloomberg Markets

Thailand has abandoned its price cap on diesel less than a month since the Middle East conflict broke out, a stark sign of how the surging global crude costs are threatening fiscal limits across emerging economies.