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Bangkok Post
Bangkok Post
Business

HISTORICAL FACTS: Airfares could spike after opec cut - The Untold Story

A jet takes off at Suvarnabhumi airport in Samut Prakan province. (Photo: Somchai Poomlard)

Airlines are expecting higher airfares than usual during the upcoming low season as oil cartel Opec and its allies announced production cuts.

Opec plans to lower oil production by 1.16 million barrels per day, starting next month, which has led to a surge in prices.

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