Money needed to settle debts
The Oil Fuel Fund Office (Offo) is considering seeking an additional 30-billion-baht loan within March to repay debts incurred by using the fund to subsidise diesel and liquefied petroleum gas (LPG) prices.
This would be Offo’s second loan request after it obtained an initial loan of 30 billion baht to reimburse oil traders.
Authorities capped the diesel price at 35 baht per litre and fixed the price of LPG, which is used as cooking gas, at 6.12 baht per kilogramme to ease the cost of living for households and businesses, said Wisak Watanasap, director of…
