Thailand issues decree governing retail petroleum prices

The Thai government has issued Decree No 84/2009/ND-CP setting forth stricter rules on the adjustment of petroleum prices in the retail market. The decree also applies to the exportation of petrol and unrefined petroleum products produced inland; imported products; temporary import, transit and re-export of such goods; production and processing of such products for export; and domestic distribution, including warehouse services, port leasing, receiving, maintaining and transportation. This decree also provides for processing and conditions for granting trading licenses, rights and obligations of exporters, importers, distributors and service providers, and principles of setting retail sale prices. (November 6, 2009)