retailer ready to slash prices as oil costs fall
Retailer of consumer product nationwide in keeping with falling prices.
Boonyarit Kalayanamit, director general of the International Trade department
, said yesterday that manufacturers wholesalers and retail operator had gradually
been submitting price-cutting plans in line with lower production costs both from diesel prices
and transport and management costs.
"This price cut has nothing to do with the commerce Ministry's request"
he said. "The cut is to comply with lower production costs mainly bacause of falling oil price
However,Lion Corporation (Thailand),a leading consumer product manufacturer, said it had no plan
to cut its prices.
Managing director Boonyarit Mahamontri said the company ha not raised its price for more than
one year and when the oil price rose it used every means to save costs and maintain prices
It has offerd discounts as promotion campaign for consumers.
Earlier this month, the International Trade Department estimate about 44 products would see price cuts in light