A pickup truck is topped up with diesel at a pump on Vibhavadi Rangsit Road in Bangkok. (Photo: Varuth Hirunyatheb)
The state oil fund committee decided on Monday not to halve the subsidy for standard B5 diesel and continue capping the pump price at 32 baht per litre this week.
There is no subsidy on premium diesel.
Energy Minister Supattanapong Punmeechaow announced the decision after chairing the committee meeting on Monday.
He said the committee acted to help keep down the cost of living. The actual price was about 38 baht per litre due to high global oil prices.
Wisak Watanasap, director of the Oil Fuel Fund Office, said the global diesel price was US$160.65 per barrel and the Oil Fuel Fund subsidised the local diesel price…
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