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PTT injects B3bn into Oil Fuel Fund
Yuthana Praiwan, Published on 12/07/2022
» National oil and gas conglomerate PTT Plc has resolved to allocate 3 billion baht to support the state Oil Fuel Fund, which is shouldering a heavy financial burden to put a cap on diesel and liquefied petroleum gas (LPG) prices.
PTT to give Oil Fund B3bn boost
News, Yuthana Praiwan, Published on 13/07/2022
» National oil and gas conglomerate PTT Plc has decided to allocate 3 billion baht to the fast-dwindling Oil Fuel Fund, following its months-long support of the diesel and liquefied petroleum gas (LPG) price subsidy programmes.
Price drop seen sustaining Oil Fuel Fund
Business, Yuthana Praiwan, Published on 29/07/2022
» The debt-ridden Oil Fuel Fund will return to a healthy state if the global price of crude falls below US$80 per barrel, says an energy expert.
Oil fund set to get cash boost
News, Published on 28/09/2022
» The cabinet has given the green light to an emergency decree allowing the Oil Fuel Fund Office to borrow up to 150 billion baht, with the Finance Ministry guaranteeing loan repayments, a source revealed yesterday.
Oil Fuel Fund facing losses of B100bn
Business, Yuthana Praiwan, Published on 04/10/2023
» The government's effort to keep the domestic diesel price below 30 baht a litre until December will cause a loss of almost 100 billion baht for the Oil Fuel Fund, says the Oil Fuel Fund Office (Offo).
Authorities to discuss Oil Fuel Fund management
Business, Yuthana Praiwan, Published on 13/02/2024
» Authorities will meet within this week to discuss the state Oil Fuel Fund's huge loss incurred by oil and gas subsidy programmes though its financial status remains manageable, says a source at the Energy Ministry.
Solutions sought for huge oil fund debt
Business, Yuthana Praiwan, Published on 05/09/2024
» 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.
Oil price could hammer indebted fuel fund
Business, Yuthana Praiwan, Published on 07/10/2024
» Escalating tensions between Israel and Iran are expected to drive up global crude oil prices, affecting the Oil Fuel Fund Office's (Offo) debt repayment plan, says an official at the Energy Ministry.
More levies to beef up Oil Fuel Fund
Business, Yuthana Praiwan, Published on 26/10/2020
» Authorities are planning to impose more levies on motorists during low global oil prices to strengthen the Oil Fuel Fund, which is being used to subsidise measures designed to lower other energy costs for consumers.
Oil fund to subsidise half of price increase
Reuters, Published on 22/05/2018
» A state oil fund will be used to support domestic retail fuel prices to help consumers cope with rising global oil prices, the energy minister said on Tuesday.