Thai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, expects global oil prices to continue to decline this week to US$84-94 per barrel amid growing concerns over a global economic recession, but the decrease will not cause authorities to reduce domestic diesel prices.
The Oil Fuel Fund Office (Offo) yesterday resolved to maintain the diesel price unchanged at 34.94 baht a litre until next week as it continues to relieve the burden on the Oil Fuel Fund, which was 117 billion baht in the red, said Offo director Wisak Watanasap.
