Thailand’s Energy Ministry to Use Fuel Subsidy to Combat Rising Fuel Costs

The fund of about 30 billion baht will absorb 50% of any increase in retail prices, Energy Minister Siri Jirapongphan said.

Thailand’s Energy Ministry to Use Fuel Subsidy to Combat Rising Fuel Costs

  BANGKOK – Thailand’s Energy Ministry has reported that it will use a state oil fund to support domestic retail fuel prices to help consumers cope with rising global oil prices, the energy minister said on Tuesday. The fund of about 30 billion baht ($936.9 million) will absorb 50 percent of any increase in retail […]