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Wednesday, 26 July 2006 |
Major oil companies have agreed to lower fuel prices by 40 satang a litre, effective from 05:00 today.
The move comes after refined oil prices in Singapore dropped, said Manoon Siriwan, Senior Executive Vice President of Bangchak Petroleum.
The new retail price for premium gas in Bangkok and its vicinities will be 29.79 baht a litre, regular fuel will cost 28.99 baht a litre, gasohol 28.29 baht a litre and diesel 27.54 a litre.
However, with the price of crude oil in the US continuing to rise, fuel prices will remain unstable, and energy-saving measures will still need to be in place, Chaivat Churitti, Senior Executive Vice President of PTT was reported to have said.
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