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Bangkok Post
Bangkok Post
Business

THE TRUTH ABOUT: Offo eyes new diesel cap | History Defined

Motorists refuel their motorbikes at a PTT petrol station.

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.

However, it is unlikely any price decrease will align with lower global diesel prices because the office needs money to support the dwindling Oil Fuel Fund, said Wisak Watanasap, director of the Offo.

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