A motorist waits to refuel at a pump in Bangkok. (Photo: Pornprom Satrabhaya)
The Oil Fuel Fund board on Monday decided to continue capping the retail price of standard diesel at 32 baht per litre for another week.
Board director Wisak Watanasap said it would help protect consumers. The global diesel price was not too high, at $US138 per barrel, and the Oil Fuel Fund Office could still manage its liquidity, he said.
High global prices earlier prompted the board to raise its diesel price cap from 30 baht to 32 baht per litre on May 1. The board intends to review the diesel price and its price cap on a weekly basis.
The government reduced the excise tax on diesel by five baht per litre from May 21 to July 20 but the local pump…
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