The board of the Oil Fuel Fund Office resolved to raise the diesel price by one baht per liter from 32 baht to 33 baht per liter on May 31 as the state’s fund is 81 billion baht in the red.
The cabinet resolved to cut the excise tax on diesel by five baht per liter for two months from May 21 to July 20 to relieve the financial burdens of people and businesses.
The committee of the state Fuel Oil Fund resolved to start the gradual increase in the diesel price from May 1 with the first increment of two baht per liter.
Representatives of the Land Transport Federation of Thailand will show up at Government House on April 27 to ask the government to continuously cap the diesel price at 30 baht per liter as the government plans to stop the price limitation on May 1.
Oil palm growers will let the government limit the diesel formula to B7 for four months only and afterwards three formulas of diesel must be restored.
Police are on standby to minimize traffic impacts on general motorists as about 1,000 trucks will run slowly in protest against rising fuel prices in greater Bangkok, the Central Plains, the East and the Northeast.