"Diesel"

The price of diesel will be maintained at 34.94 baht per litre despite the surge in global oil prices, the Oil Fuel Fund’s Executive Committee said on Monday.

The Oil Fuel Fund may end up with 100 billion baht in deficit as it continues subsidising oil and liquified petroleum gas (LPG) amid soaring global oil prices.

The price of diesel may hit 38 baht per litre now that the Oil Fuel Fund’s deficit is getting wider, an official said Tuesday.

The Oil Fuel Fund Executive Committee on Monday agreed to raise the diesel price from 34 baht to 35 baht per litre from Tuesday.

Amid rising inflation and the price of diesel, Saen Saeb canal boat fares will be increased by THB1 – from THB9-19 to THB 10-20 – starting from June 15.

The Oil Fuel Fund Executive Committee on Monday agreed to raise diesel price from THB32.94 to THB33.94 per litre from Tuesday (June 7).

The retail price of diesel will rise by one baht to 33 baht per litre as of Tuesday, the Fuel Fund Executive Committee announced on Monday.

The Land Transport Association of Thailand will hike transport fees by 15 to 20 per cent from Friday (May 20) despite the Cabinet’s decision on Tuesday to further reduce the diesel excise tax by THB5 per litre for two months after the current THB3 cut expires on May 20.

The Fuel Fund Executive Committee voted on Wednesday to retain retail diesel oil price at THB32 per litre until May 22, a senior official said.

The Cabinet on Tuesday approved a deeper cut in excise tax on diesel from THB3 to THB5 per litre for two more months, the government spokesman said.

The Thai economy will not recover quickly even though exports are likely to expand, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

Prime Minister Prayut Chan-o-cha said on Wednesday that the Cabinet would deliberate next week on whether to extend the cut in diesel excise tax to help maintain its retail price.