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Diesel price frozen at 30 baht amid Middle East tensions

Diesel price frozen at 30 baht amid Middle East tensions

11 Sept 00:33 Key points summarised by AI
  • The Fuel Fund Executive Committee froze the retail price of diesel at 30 baht per litre to stabilize domestic costs.
  • This was achieved by cutting refiners' contributions by 15 satang/litre and providing a 30 satang/litre subsidy from the fund.
  • The measure aims to cushion the impact of potential armed conflict in the Middle East, easing financial burdens on transport, manufacturing, and infrastructure sectors.
  • Despite a previous surplus, the Oil Fuel Fund is now losing approximately 18 million baht daily to maintain the price freeze.
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