PTT to set diesel price ceiling at 33 bahtliter
Published on March 21, 2012 by TFP · No Comments
BANGKOK, 21 March 2012 – The PTT Public Company Limited has revealed that the government has asked the company to limit the diesel price at 33 baht per liter as a way to slow down the escalating living cost.
PTT Senior Executive Vice President Sarun Rungkasiri has indicated that the government wants to tackle the high living cost by controlling the diesel price, which is the major factor in transportation and production costs.
Mr Sarun said the PTT will keep the maximum diesel price at 33 baht per liter for as long as it possibly could. He, however, added that the global oil prices do have a great influence over the retail prices in Thailand and that the marketing margin for the diesel is only 1.30 baht per liter, which is already low.
In addition, the excise tax and oil fund also have an influence over the diesel price. According to him, if the price pegging policy is short-lived, it should not affect oil retailers that much.
The current retail diesel price is 32.33 baht per liter.
(NNT : Nuttaporn Chanchokpong)