The Latest Breaking News from Wisak Watanasap

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

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

Diesel stays at B34.94 until end July

The Oil Fuel Fund board on Monday resolved to keep the subsidised price of standard diesel in Greater Bangkok at 34.94 baht per litre until the end of this month.

Bangkok Post · Jul 25, 2022

Thailand seeks ways to navigate worsening global crisis

A special committee and sub-committee have been set up to help steer government efforts in mitigating the impacts of worsening global economic conditions on Thailand.

Bangkok Post · Jul 19, 2022

Gasohol users get a financial lifeline

The Oil Fuel Fund Office (Offo) has agreed to help gasohol users for the first time by reducing their contributions to the fund amid soaring fuel prices, as well as limiting the diesel price increase by one baht, to 33.94 baht a litre from Tuesday, to better manage the fund's…

Bangkok Post · Jun 6, 2022

Oil Fuel Fund asks for liquidity boost

The Oil Fuel Fund Office is asking the government to inject money into the fund from its central budget to increase its liquidity as it continues to subsidise the price of diesel, says office director Wisak Watanasap.

Bangkok Post · May 27, 2022