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Diesel price to rise next Tuesday as 15-day cap ends

Diesel price to rise next Tuesday as 15-day cap ends

10 Sept 20:10 Key points summarised by AI
  • Diesel prices are set to increase next Tuesday, ending a two-year cap at 30 baht/litre, following the expiration of the government's 15-day subsidy.
  • The government is engaging with oil refineries to understand their proposed increase in the "Market GRM" (gross refinery margin) from 2 baht to 6 baht/litre, aiming to prevent higher costs from burdening consumers.
  • Transport Minister Phiphat Ratchakitprakarn confirmed the government spent 3-4 billion baht from the Oil Fuel Fund to subsidize diesel and emphasized a policy of fair oil pricing for all sectors.
  • Oil refineries, represented by the Federation of Thai Industries, clarified that Market GRM is not net profit and fluctuates, but they must maintain operations for energy security despite potential losses.
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