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Thai Airways International Public Company Limited (THAI) has announced a five percent increase in its fares, on both its domestic and international services from April.

THAI had been forced to raise its prices by five percent in order to cushion the impact of rising costs as a result of the increase in oil prices, the Executive Vice President of THAI's Commercial Department, Vasing Kittikul, explained today.

The airline also planned to ask the Aviation Department and the Aviation Association to consider calculating the oil duty on a progressive rate in order to reflect actual costs.

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