Win on May 17, ‘Kob.’ raises diesel at 1 baht/liter, the Petroleum Fund closes to 70 billion baht.
news report from Office of the Fuel Fund Management Committee (NSC) Informed that from the situation of the world oil price that fluctuates heavily especially Brent crude oil and West Texas That stands above 100 USD per barrel. Therefore, the Petroleum Fund Executive Committee meeting on May 17 will consider weekly diesel prices. The BOI will track the average diesel price throughout the week. and government policies again
However, it is reported that the ROC will increase the price of diesel by 1 baht per liter from the current 32 baht per liter, totaling no more than 33 baht per liter due to rising global market costs. by adjusting the price as a way to go up the stairs Under the ceiling price of not more than 35 baht per liter, before that, diesel freezes not more than 30 baht per liter, with a fine of more than 30 baht, the government subsidizes half and the people receive half.
However, if the diesel price is adjusted to 33 baht per liter, it will be the second price adjustment after last week that the ROC on May 9 decided to freeze the selling price of no more than 32 baht per liter continuously. after starting the first price adjustment to no more than 32 baht per liter since May 1
for the fuel fund situation Currently still having to bear the heavy burden of maintaining diesel prices. and LPG (LPG), the latest forecast that the situation of the Oil Fund, updated on May 15, 2022, will be negative through 70 billion baht for sure. According to data as of May 8, the Oil Fund had a negative position of 66,681 million baht, divided into a negative oil account of 33,258 million baht and a negative LPG account of 33,423 million baht. is approximately 12,932 million baht
by estimating the position of the Oil Fund Still confident that it is enough to support under the policy to raise diesel prices with a subsidy of half the price increase. Including now the weather in Europe has passed the winter. It is expected that the world oil price is likely to decline. However, the conflict between Ukraine and Russia must be monitored. that will affect the world oil price situation closely as well
As for the progress of borrowing money from financial institutions 20,000 million baht to subsidize oil prices in the country, there are now 2 banks. Banks are interested and have submitted proposals for lending to the Oil Fund, namely the Government Savings Bank and Krung Thai Bank. Both banks are considering the oil fund information. both financial status liquidity of money in and out and considering the trend of world oil prices for decision making It is believed that this will be clear by May. and have money coming into the fund in June as specified
