Authorities are benefiting from a drop in global crude oil prices by collecting levies from diesel and gasohol users through the Oil Fuel Fund to repay massive debts incurred by the fuel price subsidy programme, following the outbreak of the Israel–US war on Iran in late February.
West Texas Intermediate and Brent benchmarks have fallen by 9% on average, from US$84.8 and $87.3 per barrel respectively on June 12 to $76.6 and $79.23 per barrel on June 18, said Thai Oil Plc, the country's largest refinery by production capacity.
