"Diesel"

The Energy Ministry is closely monitoring the price of crude oil because even though it dropped recently, it is still volatile and at a high level, ministry spokesman Sompop Pattanariyankool said on Monday.

The Energy Policy and Planning Office (EPPO) on Wednesday approved the move to limit the marketing cost of diesel fuel to not over THB1.4 per litre and cut down biodiesel formulas to just one from December 1, 2021 to March 31, 2022.

Finance Minister Arkhom Termpittayapaisith said on Wednesday that the ministry will not reduce excise tax for oil fuel as proposed by the Land Transportation Association of Thailand.

Government spokesman Thanakorn Wangboonkongchana voiced his concern to the Land Transportation Association of Thailand on Wednesday after it warned that trucks would block roads if the government did not give in to their demand to cap the diesel price at THB30 per litre.

Truck operators nationwide are prepared to parade around Bangkok on November 16 after the government rejected their demand to reduce the diesel price from THB30 to THB25 per litre for a year amid impacts from Covid-19.

The National Energy Policy Council will on November 5 propose a reduction in oil collection revenue into the Energy Conservation Promotion Fund from 10 satang to 5 satang for 1-2 years so that the price of diesel does not exceed THB30 per litre, Energy Ministry permanent secretary Kulit Sombatsiri announced on Wednesday.

Trucks will halt 10 per cent of their operations in protest against the high price of diesel at THB30 per litre, the Land Transport Association of Thailand announced.

Prime Minister Gen Prayut Chan-o-cha said on Wednesday (October 20) that the government will control the price of diesel fuel to Bt30 per litre after the fuel prices have been rising recently and affected many sectors especially transport truck operators.

Fashion brand Diesel has gone “green” with this year’s autumn/winter collection in line with its “responsible living” strategy, which was first launched at the start of this year.

A proposal by carmakers to delay introduction of the Euro 5 emissions standard is awaiting approval from the Cabinet after being passed by the National Environment Board on July 20.

West Texas Intermediate (WTI) crude oil contracts dropped at close of trading on Wednesday (April 1) after US oil stocks rose more than expected as demand plunges amid the coronavirus pandemic.

Crude oil price fluctuated as the market kept its eyes on US-Russia negotiations to maintain stability of oil prices, an energy analyst at Thai Oil said on Wednesday (April 1).