Thailand’s diesel price to drop to 33 baht per litre on Friday

[snoop1130]

 

The Fuel Fund Executive Committee decided today (Monday) to cut the pump price of diesel by another 50 satang/litre, effective from April 7th.

 

This fourth price cut will bring the total price reduction since February to two baht and take the pump price of diesel from 33.50 baht/litre to 33 baht/litre, said Wisak Pattanasak, director of the Oil Fuel Fund Office.

 

He attributed the committee’s decision to the average wholesale cost of diesel in March, which was US$ 98.92 per barrel, representing a drop of 4.69 US dollars from February.

 

Full Story: https://www.thaipbsworld.com/thailands-diesel-price-to-drop-to-33-baht-per-litre-on-friday/

 

-- © Copyright Thai PBS 2023-04-03

 

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[Puccini]

That's all part of the proclaimed efforts to reduce air pollution, I presume.

[khunJam]

1 hour ago, Puccini said:

That's all part of the proclaimed efforts to reduce air pollution, I presume.

If it weren't for the green woke clown crowed then we wouldn't have a pollution problem or any other social and environ-mental problem for that matter. 

[hotchilli]

13 hours ago, snoop1130 said:

This fourth price cut will bring the total price reduction since February to two baht and take the pump price of diesel from 33.50 baht/litre to 33 baht/litre, said Wisak Pattanasak, director of the Oil Fuel Fund Office.

I'll celebrate later.

[Ralf001]

That will be a weekly saving for me of 40b....... or three free big leo's a month !!!

[jacko45k]

Sure my Mrs said it had just gone up!

[zzaa09]

37 minutes ago, hotchilli said:

I'll celebrate later.

Come on over......I've a freshly set batch of Ya Dong ready to be tasted.

 

????

[RichardColeman]

14 hours ago, snoop1130 said:

pump price of diesel from 33.50 baht/litre to 33 baht/litre, said Wisak Pattanasak, director of the Oil Fuel Fund Office.

 

He attributed the committee’s decision to the average wholesale cost of diesel in March, which was US$ 98.92 per barrel, representing a drop of 4.69 US dollars from February.

Drops the price less than 2% after a 4% drop of a barrel ? Somehow does not seems quite a bargain

[nigelforbes]

2 minutes ago, RichardColeman said:

Drops the price less than 2% after a 4% drop of a barrel ? Somehow does not seems quite a bargain

You forget the fuel stabilization fund which has to be reimbursed for keeping prices lower when the cost of oil was increasing. All of this may be moot anyway, OPEC has just announced large cuts so the supply side is falling whilst demand is increasing, that means higher prices at some point downstream.

[wombat]

4 minutes ago, nigelforbes said:

You forget the fuel stabilization fund which has to be reimbursed for keeping prices lower when the cost of oil was increasing. All of this may be moot anyway, OPEC has just announced large cuts so the supply side is falling whilst demand is increasing, that means higher prices at some point downstream.

does that qualify as manipulation by a monopoly?

[nigelforbes]

10 minutes ago, wombat said:

does that qualify as manipulation by a monopoly?

The Fuel Stabilisation Fund sits between the importer/producers and the consumer.

 

The Fuel Stabilization Fund is operated by government and is also funded by them, it's purpose and practice is to smooth out the peaks and valleys in the end cost of fuel in an attempt to keep it as level as possible. The cost of oil and fuel spiked very high during covid but the fund kept prices lower than they would otherwise have been. Case in point, the cost of diesel was kept artificially low, which means inflation was also kept lower than it might have been because increased transportation costs weren't passed on. Ditto the price of electricity which is reliant on the price of oil and gas at many generators.

 

Is all that manipulation? I have absolute confidence that some posters will call it that and call for public hangings et al. 

[hotchilli]

1 hour ago, zzaa09 said:

Come on over......I've a freshly set batch of Ya Dong ready to be tasted.

 

????

I'll bring snacks..

[Maestro]

Removed an off-topic post and the reply to it.

[Dazkkk]

33 Baht per Litre!
Back in 2001/02 it was 11 Baht and 12 Baht for Pura Diesel. 
That’s progress for you. ????

[metisdead]

An off topic baiting post and a reply has been removed.

[tuktuktuk]

That's $3.45/gal in USD.  Right now it's about $3.85/gal in West Tennessee. Keep your tank full.  It's headed up.

[AndyAndyAndy]

Call me old fashioned but I prefer these 17 baht/litre during Covid. ????

[Lucky Bones]

I don't check the price. What is the point?

I just ask for 500 baht (or whatever.)

Sometimes the car is thirsty and the "k's remaining" doesn't seem to change.

I always check that they put the correct baht in.

Maybe a hole in the fuel tank.

Yes, fuel was much more attractive when it was much cheaper.????????