The Committee on Energy Policy Administration (CEPA) has decided to reduce the levy on diesel by 60 satang per litre as a result of the higher global crude oil price.
Permanent Secretary for Energy Norkhun Sitthipong said the rate collected from diesel which is to be contributed towards the State Oil Fund has been adjusted down from 2.4 to 1.8 baht per litre after the global crude oil price moved up due to a better economic condition in Greece.
Moreover, the Dubai crude price in Singapore’s market on Monday closed at 105.91 US dollars per barrel, and the diesel price rose to 124.11 US dollars a barrel.
As a result, before the rate adjustment, the marketing margin for diesel entrepreneurs in the country was left at 0.54 baht per litre only, or averagely 1.08 baht per litre for five days, and this has led to an increase in retail diesel price to 30.59 baht a litre.
Nevertheless, upon the levy reduction, the marketing margin has been raised to 1.14 baht per litre or 1.20 baht on average in five days.
BANGKOK, 5 July 2011 (NNT) – Reporter : Sarun Saelee
News Date : 05 July 2011
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