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The Latest Breaking News from Oil Fuel Fund

Ministry told to explore diesel tax cut extension

Prime Minister Prayut Chan-o-cha assigned the Finance Ministry and relevant agencies on Tuesday to study the possibility of extending the excise tax cut on diesel of 5 baht per litre, which is scheduled to end on July 20 this year.

Bangkok Post

Diesel to dip to 33.5 baht a litre next week

Motorists will see another dip in diesel prices to around 33.5 baht a litre next week, down from 33.94 baht, partly attributed to falling global crude oil prices, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Diesel to dip to 33.50 baht a litre next week

Motorists will see another dip in diesel prices to around 33.50 baht a litre next week, down from 33.94 baht, partly attributed to falling global crude oil prices, says the Oil Fuel Fund Office (Offo).

Bangkok Post

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Diesel price set to fall by 0.5 baht per litre

The domestic price of diesel is slated to fall by 0.5 baht a litre next Wednesday, down from 34.44 baht a litre, as global crude oil prices keep decreasing, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Diesel price cut

The state Oil Fuel Fund has announced another decrease in its price cap on standard diesel, by 0.50 baht per litre, from 34.44 baht to 33.94 baht, effective on Feb 22.

Bangkok Post

Oil fund considering second B30bn loan

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.

Bangkok Post

Loan guarantees okayed for Oil Fund

A cabinet proposal for the Ministry of Finance to provide loan guarantees worth up to 150 billion baht to the Oil Fuel Fund has won approval in the House of Representatives, despite criticism expressed in a House debate prior to Wednesday's vote.

Bangkok Post

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Cooking gas price frozen

Cooking gas prices will remain unchanged until the end of this year, even though world prices for liquefied petroleum gas (LPG) are falling, as authorities seek to shore up the heavily indebted Oil Fuel Fund.

Bangkok Post

Ministry to vouch for fuel fund loans

The Finance Ministry plans to provide loan guarantees worth up to 30 billion baht to the Oil Fuel Fund in the first phase of the fund's plan to bolster liquidity, says a ministry source who requested anonymity.

Bangkok Post

Oil prices set to stay high despite global outlook

Rising diesel consumption in Europe during the winter is expected to drive up global oil prices, despite the prospect of a worldwide economic slowdown, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Offo eyes new diesel cap

The Oil Fuel Fund Office (Offo) is considering putting a new cap on the domestic diesel price via its subsidy scheme next week, following the recent decline of diesel reference prices in Singapore.

Bangkok Post

GSB proposes low-rate loan to Oil Fuel Fund

State-owned Government Savings Bank (GSB) is willing to offer an interest rate at the lowest level possible to the Oil Fuel Fund if the fund needs to shore up its liquidity, says GSB president Vitai Ratanakorn.

Bangkok Post

Cabinet okays oil fund guarantee

The cabinet on Tuesday approved a draft executive decree to allow the Finance Ministry to guarantee the loan repayment and borrowings worth up to 150 billion baht of the Oil Fuel Fund Office.

Bangkok Post

TOP expects global oil prices to continue to fall

Thai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, expects global oil prices to continue to decline this week to US$84-94 per barrel amid growing concerns over a global economic recession, but the decrease will not cause authorities to reduce domestic diesel prices.

Bangkok Post

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Bangkok Post

Petrol prices down, diesel price unchanged

The board of the Oil Fuel Fund Office (OFFO) resolved on Monday to keep the local diesel price at 34.94 baht per litre, while petrol prices will drop significantly on Tuesday.

Bangkok Post

PM postpones power price hike

Prime Minister Prayut Chan-o-cha has ordered the Energy Regulatory Commission to postpone its planned increase in the cost of electricity next month, according to an informed source.

Bangkok Post

Fighting Thailand's energy price wars

State energy subsidies have assumed a prominent role in the Thai economy since the start of the Russia-Ukraine war in February.

Bangkok Post

Offo to keep diesel at B34.94 till end of July

The domestic diesel price will continue to stay at 34.94 baht a litre for the sixth consecutive week until the end of July though global oil prices are likely to decrease, says the Oil Fuel Fund Office (Offo).

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Bangkok Post

Diesel stays at B34.94 until end July

The Oil Fuel Fund board on Monday resolved to keep the subsidised price of standard diesel in Greater Bangkok at 34.94 baht per litre until the end of this month.

Bangkok Post

Debate must dig deep

The political temperature will rise substantially next week as the awaited censure debate is due to start on Tuesday, even though Prime Minister Prayut Chan-o-cha's administration -- thanks to it holding a majority of seats -- is likely to survive the no-confidence motion, just as it did in the past.…

Bangkok Post

PTT to give Oil Fund B3bn boost

National oil and gas conglomerate PTT Plc has decided to allocate 3 billion baht to the fast-dwindling Oil Fuel Fund, following its months-long support of the diesel and liquefied petroleum gas (LPG) price subsidy programmes.

Bangkok Post

PTT injects B3bn into Oil Fuel Fund

National oil and gas conglomerate PTT Plc has resolved to allocate 3 billion baht to support the state Oil Fuel Fund, which is shouldering a heavy financial burden to put a cap on diesel and liquefied petroleum gas (LPG) prices.

Bangkok Post

Controversial fuel windfall tax facing delay

The government's controversial plan to collect a windfall tax from oil refineries to support the dwindling Oil Fuel Fund may face a one-month delay because of legal complications in charging the new tax, says a source from a refinery company.

Bangkok Post

Why the Oil Fuel Fund is overburdened

The Energy Ministry an-nounced that the mounting debt of the state Oil Fuel Fund exceeded 100 billion baht as of yesterday. While a recent nudge from Kla Party leader Korn Chatikavanij, a former finance minister, shed more light on pressing issues surrounding energy and resulting in the government requesting cooperation…

Bangkok Post

Oil levy decision expected on Wednesday

Energy Minister Supattanapong Punmeechaow expects a decision on Wednesday on the extent of oil refiners' contributions to the state Oil Fuel Fund to help keep pump prices down.

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