Oil Fuel Fund asks for liquidity boost
Office looks for a lifeline as it continues to subsidise rising diesel costs
The Oil Fuel Fund Office is asking the government to inject money into the fund from its central budget to increase its liquidity as it continues to subsidise the price of diesel, says office director Wisak Watanasap.
The request is in line with Section 6 of the Oil Fund Act allowing the government to allocate money to the fund in an emergency, he said.
The office is in talks with financial institutions to seek loans to boost its liquidity. However, the talks…
