The Ministry of Finance has suggested utilising the Oil Fuel Fund to maintain the subsidy on retail diesel costs, asserting that the fund has adequate resources to back the government’s diesel subsidy scheme.
This advice comes from Deputy Finance Minister Krisada Chinavicharana, who iterated that the ministry is observing worldwide oil costs and the government’s revenue intake from May to June to determine whether support is still required.
“The ministry has not yet presented any propositions to the Cabinet to prolong the diesel excise tax cut of one baht per litre, which ended on April 19.
“The government is supervising the Oil Fuel Fund to manage diesel prices. The fund continues to have enough resources to back the diesel subsidy.”
The ministry, along with the government, has to consider oil price variations in the global market,…
