Oil prices to be cut sharply midnight

Oil prices is expected to go down from 1-3.89 baht per litre beginning midnight tonight after the National Energy Policy Committee met today to cut excise taxes collected from oil.

The meeting is chaired by National Council for Peace and Order deputy chief overseeing economic affairs Air Chief Marshal Prajin Juntong.

The committee considered the cut following the declining global oil prices.

It is expected that Gasoline 95 will be reduced by 3.89 baht, Gasohol 95 by 2.12 baht, Gasohol 91 by 1.86 baht, E20 by 1.00 baht. But for diesel, the price will rise by 0.14 baht.

The Department of Energy Business has offered its officials to check oil stocks at all patrol stations and has ordered petrol stations across the country to lower oil prices beginning midnight.

Thai PBS

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