The Ukraine-Russia conflict has led to rising global oil prices, raising concerns the Finance Ministry will have to inject additional funds to keep the retail price of diesel below 30 baht a litre, says a ministry source who requested anonymity.
The government already introduced two measures to peg the price of diesel below 30 baht per litre, using the Oil Fund to subsidise the retail price of diesel at 3.79 baht per litre, along with a cut in the excise tax on diesel by approximately half, or 3 baht per litre.
