A sign displays various types of fuel at a PTT filling station on Vibhavadi Rangsit Road after the diesel price dropped to 32 baht a litre on Monday. Varuth Hirunyatheb
Diesel prices dipped again on Monday to around 32 baht a litre as global crude oil prices are on a decline.
The decrease happened as economists are concerned about a global economic recession. The Explainer looks into the relationship between oil prices and a sluggish economy to determine whether this trend will continue through 2023.
Why have crude oil prices dropped?
The Oil Fuel Fund Office (Offo) attributed the decrease to an economic contraction as a result of central banks’ interest rate hikes.
Wisak Watanasap, director of the Offo, said before the…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
