diesel

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.

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.