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Thursday, May 2, 2024

Lower diesel subsidy possible by next month

A motorbike and pickup refuel at a PTT petrol station in Bangkok. Nutthawat Wicheanbut

The government may continue with the diesel subsidy programme beyond April to help consumers struggling with inflation, but the subsidy would be limited, according to Energy Minister Supattanapong Punmeechaow.

Mr Supattanapong said yesterday the government may help subsidise the diesel price, but at more than half of the price above 30 baht per litre.

The government, using the state Fuel Oil Fund, as of Tuesday subsidised the diesel price at 11.21 baht per litre as part of its aid measures to freeze the retail price of diesel at 30 baht per litre until the end of this month.

Domestic diesel consumption totals about 65 million litres per day,…

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