In the midst of skyrocketing fuel prices around the world, Thailand’s diesel price cap at 30 baht per litre will last until the end of May. After that, a loan of 40 billion baht that supports the subsidy allowing the cap is expected to run out. Thailand’s deputy prime minister, who is also the energy minister, said the country must save energy while waiting for additional loans.
“We have to rely on ourselves… If everyone helps with energy saving, the cap will last long, and if prices go down, it will last even longer”.
On Wednesday, the National Energy Policy Committee decided to remove the borrowing limits set at 40 billion baht. This measure would require legal amendments, since the current law doesn’t allow the NEPC’s management to seek bigger loans than this.
The minister, Supattanapong Punmeechaow, said yesterday that the Energy Ministry and Finance Ministry will…
