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.
Deputy Prime Minister Wissanu Krea-ngam said the new executive decree aims to increase the liquidity of the state Oil Fuel Fund and cope with rising oil and natural gas prices.
Mr Wissanu said after the cabinet's approval, the next step is to submit the draft emergency decree to the Office of the Council of State and be published in the Royal Gazette.
