Solutions sought for huge oil fund debt

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The story "Solutions sought for huge oil fund debt" was covered 7 hours ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post 7h ago

Solutions sought for huge oil fund debt - Bangkok Post

Quick Summary:

Regulating oil and gas prices by offering subsidies from the Oil Fuel Fund for five years has left the Oil Fuel Fund Office (Offo) with huge losses and substantial debt.

These levies led to debates over fairness as gasoline users pay high taxes to subsidise diesel and LPG prices, said Rosana Tositrakul, a former Bangkok senator who monitors state energy policy, at the hearing.

Offo is considering revising its energy price subsidy programmes to focus on groups who desperately need the help, rather than implementing universal schemes.