The board of the Oil Fund decided on Monday to raise the cap on the price of standard diesel by one baht, from 31.94 baht to 32.94 baht per litre, from Tuesday.
Wisak Wattanasap, director of the Office of the Fuel Fund, said the decision made in a weekly board meeting was based on the global oil price per barrel rising to US$149.49 on May 27 from $138 the previous week. This was due to many factors, including the sanctions on oil from Russia and China's gradual reopening of its border.
