The board of the Oil Fuel Fund Office agreed on Tuesday to increase the cap on the retail price of standard diesel by one baht to 34 baht per litre from Tuesday.
Director Wisak Watanasap said after the meeting that the increase will be applied to all retailers across the country. It will take effect at all pumps at 5am on Tuesday.
The decision was made due to global oil price hikes. Diesel prices on the Dubai market were up from US$149.49 per barrel on May 27 to $158.29 on Thursday.
The fund was 86 billion baht in the red as of May 29, an increase from the 72 billion baht reported on May 15, …
