Diesel remains capped at B34.94

Diesel remains capped at B34.94

The price of standard diesel remains capped as the government monitors volatile energy prices in the global market.
The price of standard diesel remains capped as the government monitors volatile energy prices in the global market.

The Board of the Oil Fuel Fund on Tuesday agreed to maintain its subsidised cap on the price of standard diesel at 34.94 baht per litre for the fifth week to help keep down the cost of living.

Board director Wisak Wattanasap said the decision was made at the weekly board meeting.

It was based on a cabinet resolution of June 21 to freeze the pump price of standard diesel at a maximum 35 baht per litre for three months, from July-September.

Mr Wisak said as of July 17 the Oil Fund was 112,935 million baht in the red - 74,162 million baht for oil and 38,773 million baht for LPG.

There is no subsidy on premium diesel.

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