The Energy Ministry decided to end the diesel price cap at THB30 per litre on April 30 as the Fuel Fund Executive Committee is running out of cash reserves. Currently, the real market price of diesel oil is about THB40 per litre, a source from the Energy Ministry said. The source said the price is expected to be THB32 per litre when the global diesel price is about US$145 per barrel. The source added that the new price structure would cap diesel price at THB35 per litre. The source said new diesel prices will be announced every week until it reaches the cap of THB35 per litre.

Source: The Nation Bangkok April 28, 2022 06:42 UTC