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Diesel prices to drop by Bt2.14 Thursday after refinery margin adjustment
Today 21:17Key points summarised by AI
- Thailand will implement a 2.14 baht per litre cut in retail diesel prices, effective March 9.
- This reduction stems from a historic adjustment to the refinery margin formula, now benchmarked against Singapore market prices.
- Retail pump prices for Diesel B7 will fall to 48.40 baht/litre and Diesel B20 to 43.40 baht/litre.
- Despite reduced subsidies to improve liquidity, the Oil Fuel Fund remains significantly in debt, facing a 57.76 billion baht deficit.
- The initiative aims to lower living costs and drive the Thai economy forward amid global energy fluctuations.
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