BANGKOK, March 17 (TNA) – The Oil Fuel Fund Office (OFFO) has announced another decrease in its price cap on diesel by 0.50 bhat per litre effective on March 24 to help reduce the cost of living.

 

The new retail price will 33.50 baht per litre.  

 

The OFFO director Wisak Watanasap said the state oil fund is less than 100 billion baht in the red as the Cabinet extended the excise tax cut on diesel by five baht per litre for another two months from May 21 to July 20.

 

Full Story: https://tna.mcot.net/english-news-1136014

 

-- © Copyright Thai News Agency 2023-03-17

 

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Is there an election coming soon?

 

No 500 baht note, but IMHO just another electoral bribe by the PM.

10 hours ago, billd766 said:

Is there an election coming soon?

 

No 500 baht note, but IMHO just another electoral bribe by the PM.

I shall ignore such vote catching trickery and cast my vote same as last time.   

What they fail to mention is that they put the tax on petrol up to cover the shortfall on diesel. 

 

5 hours ago, AhFarangJa said:

What they fail to mention is that they put the tax on petrol up to cover the shortfall on diesel. 

 

I don't think they have put the "tax" up unless you can point me to something I may have missed?

 

Petrol prices are supposed to move in line with world oil prices as did diesel before they capped it.