The levy collected on diesel by the state Oil Fund will increase by 90 satang today to 2.80 baht per litre, in line with the decline in global oil prices which have fallen more than US$5 per barrel over the past week.
The change has no impact on the retail price of diesel, which remains capped at 29.99 baht a litre, but oil traders will receive smaller margins after enjoying a windfall for the past few days.
Dubai crude, the benchmark for Asia, closed on Monday at $101.65 per barrel, down $5.54 from a week ago, reflecting global anxiety over poor economic conditions and possible impact on oil demand. Diesel in Singapore was trading at $120.21, down $6.28 from last week.
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