A petrol station attendant refuels a car at a PTT station in Nonthaburi. Pattarapong Chatpattarasill
The government continues to grapple with the challenge of lowering retail oil prices, which remain stubbornly above 30 baht per litre despite recent declines in global crude markets.An energy official who requested anonymity said authorities have limited tools at their disposal to ease the burden on motorists.
Recent measures have focused on reducing levies collected through the Oil Fuel Fund, resulting in modest cuts of 2.56 baht per litre for diesel and 2.51 baht per litre for gasoline.
However, the ex-refinery price -- a crucial component in determining retail costs -- has not been adjusted, leaving pump prices elevated.
Global crude prices fell after Washington and Tehran signed a memorandum of understanding last month aimed at easing Middle East tensions. The agreement followed a surge in prices earlier this year, triggered by the US-Israeli conflict with Iran.
