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Economy

Thailand keeps diesel price cap despite crude oil surge

Government softens blow on consumers from fuel crisis caused by Russia invasion

Thailand will keep its retail diesel price cap at 30 baht per liter as it tries to soften the blow of higher costs on consumers.    © Reuters

BANGKOK -- Thailand said Wednesday it is keeping the retail diesel price cap at 30 baht ($0.90) per liter despite a sharp rise in global crude oil prices caused by sanctions on Russia for its invasion of Ukraine, as the government scrambles to blunt the impact of higher costs of living on consumers.

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