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Bangkok Post
Bangkok Post
Business

UNCOVERED: Producers keep eye on sales amid rising costs - Caught on Camera

FTI Oil Federation of Thai Industries United States
A gas station attendant fills a jerry can with gasoline at a gas station in Bangkok on Saturday. Members of the Federation of Thai Industries want the government to cut the diesel price tax. (Bloomberg photo)

Higher energy prices have driven up production costs by 20%, but manufacturers managed to increase goods prices by less than 10% as they struggle to maintain sales volume, according to the latest poll conducted by the Federation of Thai Industries (FTI).

Up to 38.8% of 165 company executives and members of the FTI in 45 industries said production costs have soared by 20% during the Russia-Ukraine war, followed by a 10% increase (30.3%) or a 30% rise (23%).

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