COSTBackground
Oil fund loses ฿5 bn weekly as crisis deepens
Thailand's Oil Fuel Fund is losing ฿700 million daily (≈฿5 billion weekly) and its deficit has reached ฿92 billion as of September 20, driven by subsidies capping diesel at ฿40.69/litre versus a true cost of ฿54.19/litre and LPG at ฿423 per cylinder. The government is considering borrowing another ฿100 billion, but the crisis is tied to volatile Middle East oil prices and the heavily imported energy Thailand relies on.
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