The Latest Breaking News from Offo

Sluggish economy tames local oil prices

Diesel prices dipped again on Monday to around 32 baht a litre as global crude oil prices are on a decline.

Bangkok Post · May 16, 2023

Diesel price set to fall this month

The domestic diesel price should decrease by 0.5 baht a litre to around 32 baht on May 15 in response to falling global oil prices, says the Oil Fuel Fund Office (Offo).

Bangkok Post · May 9, 2023

Offo sees slight dip in global oil prices

Global oil prices are expected to fall slightly as central banks continue to raise interest rates to tame high inflation, says the Oil Fuel Fund Office (Offo).

Bangkok Post · Apr 26, 2023

Diesel set to dip to B34.5 per litre

The domestic price of diesel is set to decrease to 34.5 baht a litre later this month, down from 34.94 per litre, following a decline in global crude oil prices.

Bangkok Post · Feb 2, 2023

Diesel price to fall to B34.50 per litre

The domestic price of diesel will fall to 34.50 baht a litre later this month, down from 34.94 baht, following a decline in global crude oil prices.

Bangkok Post · Feb 2, 2023

Oil fund considering second B30bn loan

The Oil Fuel Fund Office (Offo) is considering seeking an additional 30-billion-baht loan within March to repay debts incurred by using the fund to subsidise diesel and liquefied petroleum gas (LPG) prices.

Bangkok Post · Jan 4, 2023

Oil prices set to stay high despite global outlook

Rising diesel consumption in Europe during the winter is expected to drive up global oil prices, despite the prospect of a worldwide economic slowdown, says the Oil Fuel Fund Office (Offo).

Bangkok Post · Sep 28, 2022

Offo eyes new diesel cap

The Oil Fuel Fund Office (Offo) is considering putting a new cap on the domestic diesel price via its subsidy scheme next week, following the recent decline of diesel reference prices in Singapore.

Bangkok Post · Sep 16, 2022

Petrol prices down, diesel price unchanged

The board of the Oil Fuel Fund Office (OFFO) resolved on Monday to keep the local diesel price at 34.94 baht per litre, while petrol prices will drop significantly on Tuesday.

Bangkok Post · Aug 8, 2022

Offo to keep diesel at B34.94 till end of July

The domestic diesel price will continue to stay at 34.94 baht a litre for the sixth consecutive week until the end of July though global oil prices are likely to decrease, says the Oil Fuel Fund Office (Offo).

Bangkok Post · Jul 25, 2022