Bangkok, Director of the Policy and Planning Office stated. The world crude oil price remains volatile. From the situation of geographic conflict in the Middle East region that is still intense. It is also expected that the OPEC+ group is likely to extend the production reduction until the end of the 3rd quarter of 2024. Recently, Thai biodiesel increased by 0.46 baht per liter. Mr. Weerapat Kiatfuengfu Director of the Energy Policy and Planning Office (NEPA) revealed that from monitoring the price situation of Thai biofuels, it was found that the price of biodiesel oil The average reference price between 13 - 19 May 2024 is at 34.49 baht per liter, an increase from the previous week of 0.46 baht per liter from the oil palm fruit price situation on 6 - 10 May 2024, averaged at 32.38 baht per kilogram. Currently, the price of Malaysian crude palm oil The average price is 30.76 baht per kilogram. Increased from the previous week by 0.25 baht per kilogram. As for the crude palm oil stock at the end of March 20 24, it was 256,186 tons, with the B100 stock at 60.24 million liters, a decrease of 2.05 million liters from the previous month. For the reference price of Thai ethanol in May 2024, it was 30.65. Baht per liter price change decreased from the previous month by 0.53 baht per liter. As for the situation of fuel prices in the world market, it was found that crude oil prices are still fluctuating. From the situation of geographic conflict in the Middle East region that is still intense. Moreover, the market predicts that At the meeting to set production quotas on June 1, 2024, the OPEC+ group is likely to extend the production reduction until the end of the 3rd quarter of 2024, which is an overview of the world oil price situation. (Between 6 - 12 May 2024) In the past, the price of Dubai crude oil The average level was 84.13 USD per barrel. Decreased from last week's 2.39 USD per barrel. West Texas crude oil averaged at 78.67 USD per barrel. Decreased from last week's 1.45 USD per barrel. The average price of r efined oil in the Asian market The average price of 95 octane gasoline is $97.29 per barrel. Decreased from last week's 2.32 USD per barrel. As for the price of high-speed diesel (10 PPM), the average price was at 97.83 USD per barrel. Decreased from last week's 1.52 USD per barrel. 'Because the value of the Thai baht strengthened from last week by 0.11 baht per US dollar. came to an average level of 37.0140 baht per US dollar As a result, the cost of gasoline decreased by 1.33 baht per liter and the cost of diesel decreased by 0.42 baht per liter, resulting in the weighted average marketing value of gasoline. and diesel fuel is at the level of 2.52 baht per liter,' Mr. Weerapat said. In this regard, the oil fund position as of May 12, 2024, the fund has total assets of 30,813 million baht, fund liabilities of 141,109 million baht, net fund position is negative 110,296 million baht, divided into negative from oil account 62,719 million baht, LPG account 47,577 million baht. Source: Thai News Agency