More subsidy injected to freeze retail price of diesel at 30 baht/litre until year end

Bangchak gas station

Bangchak gas station in Thailand. Photo: Bangchak Corporation Public Company Limited.

The Energy Policy Committee has agreed to inject another 70 satang/litre to one baht/litre subsidy from the Oil Fund to freeze the retail price of diesel at 30baht/litre.

Energy Minister Siri Chirapongphan said that the increased subsidy for diesel up to one baht/litre instead of 30 satang/litre was based on the assumption that global crude price would remain at an average of 85 US dollars per barrel throughout the rest of the year.

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By Thai PBS World

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