BANGKOK, May 9 (TNA) – The board of the Oil Fuel Fund resolved to cap the diesel price at 32 baht per liter until May 16 to help curb the cost of living.

 

Wisak Watanasap, director of the Oil Fuel Fund Office, said the board decided to cap the diesel price at 32 baht per liter this week to help reduce the cost of living.

 

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According to him, the world diesel price was at US$160.65 per barrel on May 6.

 

Full Story: https://tna.mcot.net/english-news-938728

 

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And keep racking up Gasohol prices to compensate..........

Better increase the 300 baht entry fee a few more baht to help out

13 hours ago, petermik said:

And keep racking up Gasohol prices to compensate..........

Gasohol is for Ashohol according to govt!!????????

According to the linked article -

Quote

Wisak Watanasap, director of the Oil Fuel Fund Office, said the board decided to cap the diesel price at 32 baht per liter this week to help reduce the cost of living.

According to him, the world diesel price was at US$160.65 per barrel on May 6.

I wonder what he means by "world diesel price" - average of retail prices worldwide?

The price of Brent or WTI crude is now below $110 and was never higher than about $140........is the additional cost of refining diesel that much?

16 hours ago, petermik said:

And keep racking up Gasohol prices to compensate..........

I paid 41.97 per L on Sunday for 95 - talk about sticker shock 

I think the plan was to raise it 2 baht per month, from 30 baht, with a 35 baht cap. So 32-34-35.

 

Boiling frog experiment - let's see when the truckers realize they're being cooked?