The domestic diesel price is to be cut to 33 baht a litre this Friday, down from 33.5 baht a litre, as global oil prices keep falling, says the Oil Fuel Fund Office (Offo).
It will be the fourth in a series of price reductions since early February when the retail price in Thailand stood at 34.94 baht a litre.
Diesel under Platts reference prices sharply decreased from US$133 a barrel on average in January to $103 a barrel in February.
The price continued to fall to $91.8 a barrel last month, becoming a main factor behind the 0.5-baht-a-litre reduction of the domestic diesel price, said Wisak Watanasap, director of the Offo.
Another factor keeping the domestic diesel price…
