6 June ‘Win’ a new round of diesel fuel prices!

office directorfuel fund Wisak Watthanasap stated that the meeting of the Oil Fund Management Committee or the BOI has a resolution to increasediesel fuel price1 baht per liter, resulting in the diesel retail price adjusted from 31.94 baht per liter to 32.94 baht per liter, effective from May 31, 2022 onwards because during the past week fuel priceIn the world market, prices are still volatile.diesel at $149.49 a barrel (27 May 2022), from about $138 a week ago. The price increase is the result of a number of factors. both the opening of the country of China sanctions on oil from Russia, as well ascrude oilUS Treasury inventories declined, and the assessmentcrude oil priceduring the next week Still, the price is high if no significant factor is in place.

The ROC will consider again on June 6, 2022, confirming that within this week, the Fuel Fund remainscarry the price of dieselat 33 baht per liter, but if oil prices are still high, will consider again next week by confirming that the diesel price during this period will not be lower than 33 baht per liter

for assistance measuresdiesel fuel price according to the Cabinet resolution to reduce the cost of living for people The government will help the part that the diesel price has increased by half, which the ROC has considered adjusting the diesel price for the first time, effective from May 1, 2022 onwards, having been adjusted to 32 baht per liter and will gradually adjust Up and down according to the situation on a weekly basis including expanding the reduction measuresExcise tax on diesel fuel2nd round by reducing the tax rate by 5 baht per liter from May 21 to July 20, 2022

However tax rateThat reduced 5 baht per liter, representing the actual base tax reduction for diesel B5 at 4.65 baht per liter and this tax reduction did not immediately reduce the price in front of the gas station. because it must be used to help the fuel fund to support the diesel price to stay at a reasonable price for a longer time The current projection of the fuel fund position as of May 29, 2022 is negative 81,395 million baht, divided into:

  • Negative oil account 45,968 million baht
  • The cooking gas account was negative 35,427 million baht.

with a cash flow of 9,803 million baht, divided into

  • Bank account 3,228 million baht
  • Deposit account at the Comptroller General’s Department Ministry of Finance 6,565 million baht

which will followworld crude oil pricecontinuously and maintain a diesel frame of not more than 35 baht per liter

while the progress of the loan to add liquidity to the fuel fund Still in the process of considering the guidelines which both the Government Savings Bank and Krung Thai Bank receive information for consideration according to the situation and status of the fund And it is expected that there will be progress soon.

Proofread by….Suree Silawong

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