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Why the Oil Fuel Fund is overburdened
Business, Janine Phakdeetham, Published on 29/06/2022
» The Energy Ministry an-nounced that the mounting debt of the state Oil Fuel Fund exceeded 100 billion baht as of yesterday. While a recent nudge from Kla Party leader Korn Chatikavanij, a former finance minister, shed more light on pressing issues surrounding energy and resulting in the government requesting cooperation from oil refineries to channel their profits into the fund, no subsidies for the prices of fuel requested from six Thai refiners have been finalised yet.
What's behind the oil price hike?
Business, Janine Phakdeetham, Published on 10/02/2022
» The Federation of Thai Industries (FTI) recently expressed concerns that global oil prices may continue to surge, reaching US$100 a barrel this year. High fuel prices could negatively affect many sectors across the pandemic-battered economy.