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Diesel price subsidy extended by 3 months
FRIDAY, DECEMBER 29, 2023
Money will be drawn from the Oil Fund to continue the 30 baht per litre retail price of diesel fuel for another three months through March 31, 2024, the fuel fund’s office director, Wisak Watanasap, said on Thursday.
Diesel price hike imminent in Thailand, as Oil Fuel Fund grapples with huge deficit
SUNDAY, DECEMBER 10, 2023
The price of diesel is likely to rise to 31.94 baht per litre from 29.94 baht if the Finance Ministry fails to extend current measures, an Energy Ministry source said.
Oil Fuel Fund deficit expected to reach THB100 billion by year-end
SUNDAY, NOVEMBER 12, 2023
The Oil Fuel Fund deficit is expected to balloon to over 100 billion baht at the end of this year because of continuous subsidies on petrol and cooking gas, a source from the Energy Ministry said.
Fuel Fund executive committee seeks to retain diesel tax subsidy
TUESDAY, AUGUST 29, 2023
The Fuel Fund executive committee is to recommend that the newly appointed energy minister retains the diesel tax subsidy to keep the price of diesel fuel at no more than 32 baht per litre.
Oil Fuel Fund to be used to maintain diesel retail price at 32 baht per litre
TUESDAY, JULY 18, 2023
The Office of the Oil Fuel Fund on Tuesday resolved to use the fund’s mechanism to maintain the current diesel retail price at 32 baht per litre when the diesel excise cut expires on Thursday.
Oil Fuel Fund’s losses decline by more than half in six months, director says
SUNDAY, JULY 02, 2023
Falling global oil prices have reduced the Oil Fuel Fund’s losses by more than half in six months, the fund’s director, Wisak Watanasa, said on Sunday.
Thailand’s electric dreams and its impact on Oil Fuel Fund
SUNDAY, JUNE 04, 2023
Thailand’s transition to electric vehicles (EV) as part of its clean energy policies is presenting a tough challenge for the Oil Fuel Fund and its role in maintaining stable domestic prices
Oil Fuel Fund to borrow another 30 billion baht to keep price of diesel low
WEDNESDAY, JANUARY 04, 2023
The Oil Fuel Fund Office will borrow another 30 billion baht more to increase its liquidity after its board meeting next week, the fund’s director, Wisak Watanasap, said on Wednesday.
Retail price of NGV to go up by THB1 per kg from Friday
WEDNESDAY, DECEMBER 14, 2022
The Energy Policy Administrative Committee has agreed to hike the retail price of natural gas for vehicle (NGV) by 1 baht, from 16.59 baht per kilogram to 17.59 baht, from Friday (December 16), Energy Minister Supattanapong Punmeechaow said on Wednesday.
Finance Ministry not worried about Oil Fuel Fund’s finances as it guarantees THB150-bn loan
TUESDAY, AUGUST 30, 2022
The Finance Ministry has said it is ready to guarantee a loan of up to 150 billion baht to boost the Oil Fuel Fund’s liquidity.
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