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HISTORICAL FACTS: Oil fund - The Untold Story

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 · Aug 24, 2022

Moral hazards

Re: "All for pride, pride for all", (Life, June 27).

Bangkok Post · Jul 1, 2022

In the end, economic theories prevail

I have made several dire predictions for the Thai economy this year such as high inflation, a liquidity crisis, interest rate hikes, bank collapses, a currency run, and, of course, an economic recession.

Bangkok Post · Jun 1, 2022

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Diesel price up again on Tuesday

The board of the Oil Fund decided on Monday to raise the cap on the price of standard diesel by one baht, from 31.94 baht to 32.94 baht per litre, from Tuesday.

Bangkok Post · May 30, 2022

Lower diesel subsidy possible by next month

The government may continue with the diesel subsidy programme beyond April to help consumers struggling with inflation, but the subsidy would be limited, according to Energy Minister Supattanapong Punmeechaow.

Bangkok Post · Apr 19, 2022

Subsidy on premium diesel revoked

The cabinet on Tuesday approved revoking the subsidy on premium diesel used in luxury cars, effective from April, in a move to save on budget expenses.

Bangkok Post · Mar 29, 2022

Cabinet ups Oil Fund borrowing

The cabinet on Tuesday approved lifting the borrowing limits for the state Oil Fund to allow for management flexibility, a move that offers the government more room to cope with surging fuel prices caused by the Russia-Ukraine conflict.

Bangkok Post · Mar 15, 2022

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B30 diesel cap stays until May

The government will maintain the cap on diesel prices at 30 baht a litre using subsidies from the Oil Fund until the end of May when a 40-billion-baht loan supporting the subsidy scheme is expected to be depleted.

Bangkok Post · Mar 11, 2022

Oil Fund borrowing limit to rise

The National Energy Policy Committee (NEPC) has resolved to lift borrowing limits of the state Oil Fund to allow for management flexibility and approved guidelines to address surging fuel prices.

Bangkok Post · Mar 9, 2022

Loans capped for Oil Fund to be lifted

The National Energy Policy Committee (NEPC) on Wednesday resolved to remove the 40-billion-baht cap on loans to support the Oil Fund in the wake of the Russian invasion of Ukraine.

Bangkok Post · Mar 9, 2022

Ministry mulls options for diesel

The Ukraine-Russia conflict has led to rising global oil prices, raising concerns the Finance Ministry will have to inject additional funds to keep the retail price of diesel below 30 baht a litre, says a ministry source who requested anonymity.

Bangkok Post · Feb 27, 2022

State sees no urgent need to cut excise tax on diesel

The government insists the state Oil Fund still has sufficient funding to subsidise retail diesel prices until March 31 and sees no urgent need to cut the excise tax on diesel.

Bangkok Post · Jan 23, 2022

State vows to maintain price controls

The government has pledged to cap the prices of diesel and cooking gas for as long as possible to stabilise the costs of consumer goods.

Bangkok Post · Jan 20, 2022

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