The diesel price is expected to increase by one baht, to 31.44 baht/litre, from tomorrow, unless the Fuel Fund Executive Committee decides to absorb the increase, fully or partially.
At its meeting on Tuesday, the cabinet decided not to extend the one baht/litre excise tax cut for diesel, which is due to expire today. This means that the pump price of diesel will automatically rise by one baht/litre at midnight tonight.
Informed cabinet sources say that the Fuel Fund Executive Committee has not yet decided whether to absorb the full or half the price increase, as both options will impact the Oil Fuel Fund, which is already running at 103.6 billion baht in the red.
The sources said that, if the committee decides to absorb the increase, either fully or partially, in order to ease the burden on consumers, the measure would only be temporary.
The one-baht excise tax cut on diesel, which…
