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Bangkok Post
Bangkok Post
Business

Why the Oil Fuel Fund is overburdened

Petrol dispensers at a PTT petrol station in Bangkok. (Photo: Varuth Hirunyatheb)

The Energy Ministry an­-nounced that the mounting debt of the state Oil Fuel Fund exceeded 100 billion baht as of yesterday. While a recent nudge from Kla Party leader Korn Chatikavanij, a former finance minister, shed more light on pressing issues surrounding energy and resulting in the government requesting cooperation from oil refineries to channel their profits into the fund, no subsidies for the prices of fuel requested from six Thai refiners have been finalised yet.

What is the current state of the Oil Fuel Fund?

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