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.
The decision was made on Wednesday at an urgent meeting of the National Energy Policy Committee chaired by Prime Minister Prayuth Chan-ocha. "We will keep the price under 30 baht until we are unable to afford it," the premier said after the meeting.
