No Diesel Fuel subsidies?
BANGKOK (NNT) - The Oil Fuel Fund Office (OFFO) announced a diesel price increase of 50 satang per liter effective on Apr 6 amid concerns over the escalating cost of subsidizing fuel, which is nearing a 100 billion baht debt. The price adjustment applies to both standard and premium diesel, setting the prices at 30.44 baht and 42.44 baht per liter, respectively.
The decision follows the OFFO's struggle to manage debts from maintaining diesel prices at 30 baht per liter since last September and subsidizing liquefied petroleum gas (LPG) for over two years.