The Fuel Fund’s executive committee decided on Friday to increase diesel price by 50 satang to 30.44 baht per litre, effective tomorrow, according to Wisak Watanasap, director of the Office of Oil Fuel Fund.
He said that the committee also increased the subsidy for diesel by 20 satang to 4.77 baht/litre, adding that the price increase will help improve the cash flow of the Oil Fuel Fund which, by March 31, was in the red to the tune of 99.82 billion baht, including 52.73 billion baht for diesel and 47.1 billion baht for LPG.
Wisak attributed the committee’s decision to global diesel price fluctuations, because of the continuing war in Ukraine and in the Middle East, as well as the recent price jump of diesel on the world market by US$2.74 per barrel, which are affecting the Oil Fuel Fund’s cash flow.
He maintains that the diesel price adjustment is in line with the global price situation and will not add too great a financial burden on consumers.
Currently, Thailand is consuming about 71 million litres of diesel per day.
