(Photo: Pattarapong Chatpattarasil)The Oil Fuel Fund has sought a guarantee from the Ministry of Finance for 150 billion baht in loans to stabilise domestic fuel prices, amid rising energy pressures. As of February, public debt stood at 66.1% of GDP, below the 70% ceiling, leaving fiscal room of about 4% of GDP. He explained that expanding the Oil Fuel Fund’s borrowing capacity from 40 billion baht to 150 billion baht would require a royal decree to amend existing limits. The fund then helped cap retail fuel prices but accumulated losses of about 120 billion baht. The Oil Fuel Fund has run up losses of 42 billion baht subsidising the prices of diesel and other fuels, despite continuing increases in pump prices, since the Middle East war began.

Source: Bangkok Post April 01, 2026 01:47 UTC