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Bangkok Post
Bangkok Post
Business

UNBELIEVABLE: Sluggish economy tames local oil prices | History Defined

Oil Economy Offo Wisak Watanasap Interest Rates PTT Thailand
A sign displays various types of fuel at a PTT filling station on Vibhavadi Rangsit Road after the diesel price dropped to 32 baht a litre on Monday. (Photo: Varuth Hirunyatheb)

Diesel prices dipped again on Monday to around 32 baht a litre as global crude oil prices are on a decline.

The decrease happened as economists are concerned about a global economic recession. The Explainer looks into the relationship between oil prices and a sluggish economy to determine whether this trend will continue through 2023.

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