B30 diesel cap stays until May
Subsidy fund likely to run dry same time
The government will maintain the cap on diesel prices at 30 baht a litre using subsidies from the Oil Fund until the end of May when a 40-billion-baht loan supporting the subsidy scheme is expected to be depleted.
Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said on Friday the Russia-Ukraine conflict has resulted in soaring energy prices, affecting domestic retail prices of oil and liquefied natural gas (LNG).
On Wednesday, global prices of oil and LNG were the highest in 14 years at US$180 (5,990 baht) per barrel and US$84.37 per million British thermal unit (Btu) respectively, he said.
The high prices have been driven by rising demand from an economic recovery in many countries in the…
