The trend of oil prices continues to move. after the global market Get China to stimulate the economy by 2 months ago Gasoline group has moved up 2.80 baht, while diesel subsidized by the Oil Fund 1.59 baht / liter.
Reporters reported that Oil traders prepare to raise gasoline prices again after crude oil prices continued to rise From the beginning of June to July 25, 2023, oil prices in Thailand reflected the world market, having changed 19 times. In total, the gasoline-gasohol group increased the total price to 2.80 baht / liter, while the diesel group. The price remained unchanged at about 32 baht/liter despite the increase in the fuel tax by 5 baht/liter since July 21, 2023. The oil fund reduced from the original collection by 4.04 baht/liter and increased subsidies by 1.59 baht/liter, making the fund Outflow per day, only to take care of diesel, about 110 million baht, or 3,300 million baht per month, if oil prices remain at this level continuously. The latest Singapore diesel price yesterday rose more than 2 US dollars to about 105 dollars / barrel. Diesel prices rose more than Dubai crude oil prices. After Chinese demand tends to increase due to the country's economic stimulus measures
Thai Oil Public Company Limited reported yesterday (July 24), the WTI crude oil contract for delivery in September. It was up $1.67, or 2.1%, at $78.74/barrel. This is the highest closing level in almost 3 months or since April 24, 2023, while the Brent crude oil contract (BRENT) is delivered in September. They were up $1.67, or 2.1%, at $82.74 a barrel, their highest close since April 19, 2023.
Crude oil prices continued to increase After the supply of crude oil from Saudi Arabia and Russia tends to decrease. Saudi Arabia has extended its voluntary output cuts of 1 million barrels per day until the end of August 2023, while Russia will cut oil exports by 500,000 barrels per day in August. '66 as well, which will result in a total reduction of approximately 1.5% in the global oil supply.
Oil demand in the world market tends to recover. After China hastened to issue economic stimulus measures covering the recovery of domestic demand and consumption. Its aim is to promote, enhance and stimulate investment in private sector infrastructure. Increased financing for private projects as well. The NDRC wants to attract private capital to contribute to the construction of more nationally important projects. It allows private sector participation in sectors ranging from transport, water supply, clean energy, new infrastructure for advanced manufacturing. and modern agriculture The details will be disclosed later.
Source: Thai News Agency