Oil prices up on Wed

Oil retailers will on Wednesday raise the retail prices of petrol and diesel, following the confirmation from the Organisation of Petroleum Exporting Countries (Opec) that their crude oil output would not be increased.

Dubai crude oil price in the past week went up US$4.07 a barrel to $85.82 on Tuesday, while refined petrol jumped $6 to $99.92 and refined diesel up $3.15 to $102.67.

"We need to raise retail prices accordingly," said Chaiwat Chooritti, senior executive vice president of PTT.

All types of petrol including gasohol will charge 30 satang per litre higher, except the octane-91 petrol of which price is up 50 satang. The Oil Fund earlier demanded additional contribution from octane-91 petrol sale of 20 satang per litre.

Diesel price will be raised 20 satang while biodiesel price by 40 satang following the scrap of subsidies to pure biodiesel. The new diesel price is Bt29.14 per litre.

Meanwhile, cooking gas price will be raised 20 satang per kg. Following the increase, a 15-kg gas tank will cost Bt273.15, up Bt3. The price of the 48-kg tank will rise Bt9.60 to Bt874.08.

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Oil prices up on Wed

Oil retailers will on Wednesday raise the retail prices of petrol and diesel, following the confirmation from the Organisation of Petroleum Exporting Countries (Opec) that their crude oil output would not be increased.

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