Fuel fund vows to keep diesel prices low

Quick Summary:

The Oil Fuel Fund Office (Offo) will continue to keep domestic diesel prices at less than 33 baht per litre after the current subsidy scheme ended on Thursday, as its financial status has improved following a drop in global oil prices.

"We will then increase the principal payment each month, but this excludes interest worth 250-300 million baht monthly," said Mr Pornchai.

"But this policy depends on changes in global oil prices that may affect the fund's liquidity".

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIsraelUkraine

Topics: Financial Pornchai Losses Prices Billion Baht Fund Diesel Subsidy Barrel Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 05:14:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23359852

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Official Website: bangkokpost.com

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