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Ministry eager to soothe oil misery

Ministry eager to soothe oil misery

State mulls using emergency loan funds to ease impact

Trucks protest along Vibhavadi Rangsit Road on Tuesday, urging action over high fuel prices. They have given the government seven days to act or face further protests.

The Finance Ministry is considering using the remaining funds from the 500 billion baht in borrowing under the second emergency loan decree to ease the impact of high oil prices on the cost of living, says Finance Minister Arkhom Termpittayapaisith.

He said the ministry mulled several options in terms of financial sources to help ease the impact.

In addition to the annual government budget, some money remains from the emergency loan decree.

Mr Arkhom said the ministry needs to weigh the legal concerns…

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