Japan · Nation Thailand
Thailand cuts B7 diesel by 1 baht, gasohol by 50 satang from October 29
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Thailand’s Oil Fuel Fund Management Committee approved reductions in retail fuel prices on Wednesday (October 28), cutting the price of B7 diesel by 1 baht per litre and the prices of E10-95 and E10-91 gasohol by 50 satang per litre, effective from O
Key facts
- Under the decision, the subsidy for B7 diesel will be reduced by 0.38 baht to 2.93 baht per litre, bringing its retail price down to 42.54 baht per litre.
- Amid continued volatility in global oil markets, diesel prices in Singapore stood at approximately US$171 per barrel on October 28, while petrol prices were around US$139 per barrel
- Subsidies for E10-95 and E10-91 gasohol will each be reduced by 0.16 baht to 1.61 baht per litre
- Their retail prices will fall by 0.50 baht per litre to 41.54 baht and 41.17 baht respectively.
Summary
Under the decision, the subsidy for B7 diesel will be reduced by 0.38 baht to 2.93 baht per litre, bringing its retail price down to 42.54 baht per litre.
Subsidies for E10-95 and E10-91 gasohol will each be reduced by 0.16 baht to 1.61 baht per litre. Their retail prices will fall by 0.50 baht per litre to 41.54 baht and 41.17 baht respectively.