Financial Wire

Market Chatter: Thailand Poised for Second Cut in Oil Fuel Prices

-- Thailand is preparing a second cut in oil refining margins of over 2 baht per liter, which could reduce fuel prices this week, The Bangkok Post reported Monday, citing Energy Minister, Akanat Promphan.

The move follows an earlier reduction in March that lowered retail fuel costs by 2.14 baht per liter. Officials are reviewing April cost data, which showed refining margins rising sharply to around 15 baht per liter, prompting calls for adjustment, reportedly.

A policy meeting is scheduled to finalize the revised rates. The review will take into account higher costs like insurance, transport, and war risks, while fuel price changes will stay gradual due to pressure on the oil fund, the news outlet said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: Thailand Poised for Second Cut in Oil Fuel Prices | Financial Wire