The Fuel Fund Executive Board decided to increase the price of diesel fuel by another baht today (Monday), to 33.94 baht per litre, effective tomorrow, following a spike in global prices, due to worries of disruption in supplies from Russia and ease of lockdown in Shanghai. 

 

The board is to decide weekly whether to increase the price in line with global trends. Last week, it raised the price by about one baht, to 32.94 baht/litre. The ceiling has been set at 35 baht/litre.

 

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Director of the Oil Fuel Fund Office Wisak Watanasap said that the increase is in line with global oil price fluctuations over the past week, which saw Brent crude rose $2.11, or 1.8%, to settle at $119.72 a barrel on Friday.

 

Full Story: https://www.thaipbsworld.com/thailands-diesel-price-to-rise-by-another-baht-per-litre-from-tuesday/

 

-- © Copyright Thai PBS 2022-06-06

 

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We enter a hyper-inflationary multi-year period. Exporting countries around the world have amassed trillions of currency reserves. They are starting to feel urgency to secure energy resources front running everyone else. Those money printing excesses of the US are going to come home to roost now in the form of constant price rises for energy, food, etc. Oil companies stock will benefit hugely if history is our guide.