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Wednesday, May 15, 2024

Oil Fuel Fund facing losses of B100bn

Petrol nozzles sit ready for use at a Bangchak station in Bangkok. (Photo: Somchai Poomlard)

The government’s effort to keep the domestic diesel price below 30 baht a litre until December will cause a loss of almost 100 billion baht for the Oil Fuel Fund, says the Oil Fuel Fund Office (Offo).

The calculation estimates the global diesel price will rise during the cold season when energy demand usually increases, said Wisak Watanasap, director of the Offo.

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