Thailand to phase, out fuel subsidies
Thailand will start to phase out five months of diesel subsidies this weekend, the energy minister said, a move likely to fuel inflation that is running at a 10-year high and raising the chances of more interest rate rises. Poonpirom Liptapanlop, energy minister, told reporters the government had decided to end a subsidy of 0.4 baht (one US cent) a litre of diesel. Reuters, Bangkok