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Diesel up by another ฿1 per litre, to ceiling of ฿35, effective June 14

Diesel up by another ฿1 per litre, to ceiling of ฿35, effective June 14

13 Sept 14:17 Key points summarised by AI
  • Thailand's Fuel Fund Executive Committee approved a ฿1 per litre increase for diesel, effective June 14, bringing the price close to the ฿35/litre ceiling.
  • This marks the fourth price hike since May 1st, primarily driven by a surge in global oil prices due to increased demand in the US and China.
  • Despite OPEC's increased oil production, the government continues to subsidize diesel prices using the Oil Fuel Fund and excise tax cuts to ease consumer impact.
  • The Oil Fuel Fund is currently facing a significant deficit, reported at 91.089 billion baht in the red.
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