Govt to cap diesel prices until end-OctFILE PHOTO: A Bangchak attendant at the pumps. (Bangkok Post photo)The government will cap diesel prices at 30 baht per litre until the end of the month to help reduce living costs for consumers as global oil prices rise, Energy Minister Supattanapong Punmeechaow said on Monday. The short-term support could be extended if necessary, Deputy Prime Minister Supattanapong , who is also energy minister, told a news conference. "If global oil prices keep increasing, we still have room to manoeuvre," he said, adding prices of some diesel types would be lowered from Tuesday and some from Oct 11. The subsidy will be financed by an oil fund worth 11 billion baht and a loan if needed, Mr Supattanapong said.

Source: Bangkok Post October 04, 2021 07:41 UTC