Shell raises diesel price by 50 satang


BANGKOK, 9 September 2013 Shell Thailand has increased the pump price for diesel by 50 satang per liter on Monday after global crude oil capped a fourth week of increases last week amid concerns that an escalation of the conflict in Syria may disrupt regional oil supplies. 

The new retail diesel price at Shell’s outlets in Bangkok and its vicinities is at 30.49 baht per liter while PTT and Bangchak Petroleum are maintaining their prices at 29.99 baht.

As concerns mount over the U.S. government’s planned strike against Syria for alleged use of chemical weapons, the U.S. Senate is expected to vote on the matter by the end of the week while Saudi Arabia has come out to back the military strike. Oil prices will unavoidably be affected if the strike is carried out since Syria is a major oil exporter.