New price takes effect on Feb 15
The domestic price of diesel is set to decrease to 34.5 baht a litre later this month, down from 34.94 per litre, following a decline in global crude oil prices.
The new retail price will take effect at 5am on Feb 15, said Wisak Watanasap, director of the state Oil Fuel Fund Office (Offo).
Global oil prices are expected to decline this year as the world economy decelerates. Oil supply will slightly exceed demand, but global oil prices still fluctuate and can go up at any time if supply is disrupted,…
