RARE PHOTOS: 2 - The Real Truth

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 · Jun 28, 2022

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.

Bangkok Post · Jun 28, 2022

Hardship by the gross

Amid skyrocketing fuel prices, many people and even some politicians have begun to question the profits being made by private refineries. The issue angering critics and consumers is what is known as the gross refining margin, or GRM, of local oil refineries.

Bangkok Post · Jun 26, 2022

Refinery stocks fall on concerns over fuel fund contribution

Oil refinery stocks fell sharply on Friday with potential losses of between 17-43% in net profits this year after the government asked for the cooperation of companies to channel their profits into the Oil Fuel Fund for three months from July to September to help control fuel prices.

Bangkok Post · Jun 17, 2022

Korn urges B60bn loan for Oil Fund

Korn Chatikavanij, a former finance minister and now leader of the Kla Party, suggested the government provide an additional 60-billion-baht loan to improve the liquidity of the Oil Fuel Fund.

Bangkok Post · Jun 16, 2022

Cooking gas price to rise slowly

The Energy Policy Administration Committee (Epac) has decided to have the price of liquefied petroleum gas (LPG), which is used as household cooking gas, gradually increase over the next three months.

Bangkok Post · Jun 15, 2022

Govt eyes slice of refineries' pie

The government will consider using profits from oil refinery margins to help support the Oil Fuel Fund as it continues to subsidise fuel prices despite having slipped 85 billion baht into the red.

Bangkok Post · Jun 13, 2022

Diesel price up again on Tuesday

The board of the Oil Fuel Fund has raised the price cap on standard diesel by one baht, from 33.94 baht to 34.94 baht per litre, effective on Tuesday morning.

Bangkok Post · Jun 13, 2022

Oil refineries face state price cap

Energy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month.

Bangkok Post · Jun 9, 2022

Oil Fund to decide on diesel cap

The board of the Oil Fuel Fund is expected to decide on Monday if it will continue to cap the retail diesel price at 32 baht per litre for another week or raise it by one or two baht to relieve the burden on the fund, a source in the…

Bangkok Post · May 29, 2022