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Cabinet ups Oil Fund borrowing
Business, Chatrudee Theparat, Published on 16/03/2022
» The cabinet on Tuesday approved lifting the borrowing limits for the state Oil Fund to allow for management flexibility, a move that offers the government more room to cope with surging fuel prices caused by the Russia-Ukraine conflict.
Cabinet okays oil fund guarantee
Business, Phusadee Arunmas, Published on 17/08/2022
» The cabinet on Tuesday approved a draft executive decree to allow the Finance Ministry to guarantee the loan repayment and borrowings worth up to 150 billion baht of the Oil Fuel Fund Office.
Oil Fund scraps 1-baht discount
Business, Yuthana Praiwan, Published on 11/01/2020
» The Energy Ministry yesterday announced the end of the one-baht discount on eight types of motor fuel, saying US-Iran military tensions were likely to ease and pose little threat to the stability of oil prices.
Time to fix Oil Fuel Fund
Oped, Editorial, Published on 06/10/2021
» The Energy Policy Administration Committee (Epac) announced yesterday that it would cap the price of diesel at 30 baht per litre. Such a move was inevitable and is welcomed despite many critics questioning whether it will really benefit consumers.
Oil Fund borrowing limit to rise
News, Published on 10/03/2022
» The National Energy Policy Committee (NEPC) has resolved to lift borrowing limits of the state Oil Fund to allow for management flexibility and approved guidelines to address surging fuel prices.
Pump oil profits to Fund: govt
News, Post Reporters, Published on 18/06/2022
» More talks will be held with oil refineries which are being urged to contribute some of their profits to the Oil Fuel Fund and in turn help reduce retail oil prices.
Loan guarantees okayed for Oil Fund
News, Aekarach Sattaburuth, Published on 10/11/2022
» A cabinet proposal for the Ministry of Finance to provide loan guarantees worth up to 150 billion baht to the Oil Fuel Fund has won approval in the House of Representatives, despite criticism expressed in a House debate prior to Wednesday's vote.
Oil fund considering second B30bn loan
Yuthana Praiwan, Published on 04/01/2023
» The Oil Fuel Fund Office (Offo) is considering seeking an additional 30-billion-baht loan within March to repay debts incurred by using the fund to subsidise diesel and liquefied petroleum gas (LPG) prices.
Oil Fund mulls second B30bn loan
Business, Yuthana Praiwan, Published on 05/01/2023
» The Oil Fuel Fund Office (Offo) is considering seeking an additional 30-billion-baht loan within March to repay debts incurred by using the fund to subsidise diesel and liquefied petroleum gas (LPG) prices.
Fuel subsidies may exhaust oil fund
Business, Yuthana Praiwan, Published on 03/02/2024
» New measures to better support and manage the Oil Fuel Fund are needed amid growing concerns oil and gas subsidies from the fund will drain it empty, says the Oil Fuel Fund Office (Offo).