Oil Fuel Fund seeks loan of B40bn

A pickup refuels at a PTT station in Bangkok. The government recently decided to cut the excise tax on diesel by 5 baht per litre from May 21 to July 20. Pornprom Satrabhaya

The Oil Fuel Fund has enough credibility for financial institutions to extend it loans to boost liquidity, enabling it to subsidise the domestic oil price, says deputy permanent finance secretary Theeraj Athanavanich.

However, financial institutions still need to consider the fund's debt service capability before lending, he said.