Fuel subsidies ‘only for the needy’ proposed

Quick Summary:

The Oil Fuel Fund Office (Offo) is considering revising its price subsidy programmes to focus only on groups of people who badly need help, rather than making them universal.

As of Aug 2, the levy collection stood at 2.73 billion baht a month.

Targeted recipients would include street food sellers, drivers of goods trucks and public transport operators.

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Article Details

Category: EconomyBusiness

Markets: ThailandSingaporeUkraine

Topics: Huge Fund Offo Price Subsidy Prices Fuel Diesel Debt Baht Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 20:34:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 21900539

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 11 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

Coverage Areas: Thailand

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Publication Timezone: GMT +8:00

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Publisher ID: #66

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