News Forum - Thailand to borrow 20 billion baht to maintain fuel subsidies

[Thaiger]

The Office of Fuel Fund plans to borrow 20 billion baht to top up the country’s oil price subsidies as residents and different departments are being increasingly affected by the rising oil price. The fund is seeking inbound loans from the Government Saving Bank and Krungthai Bank. The details are expected to be clear at the end of this month. The Director-General of the Fuel Fund Office, Wisak Wattanasup, said the fund was negotiating with the Government Saving Bank and Krungthai Bank to obtain the first batch of loans valued at 20 billion baht. Wisak noted that the fund had […]

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