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DIESEL

Diesel price down 60 satang on Tuesday

PTT, Bangchak Petroleum and Shell Company of Thailand will reduce retail deisel price by 60 satang per litre, effective on Tuesday.



Diesel at their stations in Bangkok will then be Bt36.84 per litre.

Chaivat Churitti, senior executive vice president of PTT, said that the price cut is possible as refined diesel has fallen to US$145.75 a barrel.  Still, Thai oil retailers are monitoring the overseas market conditions, particularly terrorism in Nigeria and nuclear conflicts in Iran, as well as the rising demand for crude oil in Japan and India which could lead to higher crude prices.

Since July 10, oil retailers have cut diesel and petrol prices 11 times, with the combined reduction of Bt7.60 per litre for diesel and Bt8.70 for petrol.

 


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