Energy Ministry is talking with energy firms to discuss the oil prices after diesel surpassed $127 a barrel in Singapore market.

In the meantime, PTT, an energy provider, said it will revise the pump prices upwards in a couple of days.

“Diesel would go up by 40 to 50 satang despite government’s new issue of 90-satang subsidy,” said Prasert Bunsumpan, president of PTT.

PTT is expected to suffer BT1 million lost from its effort to delay rise in the oil prices. The company sell diesel per liter Bt1 cheaper than its rivals.

The oil futures closed Monday at $109.80 a barrel in Singapore after intra-day trade reached $110.12.