Thailand approves B6.7bn fuel subsidy from energy fund
The Thai government has approved a 6.7-billion-baht subsidy from the Energy Conservation Fund to stem rising fuel prices, but officials say the amount is insufficient. Additional measures include changing the domestic fuel pricing formula to reduce refining margins.
What this means for you
- Drivers in Thailand may still face rising fuel costs despite the subsidy, as officials acknowledge it is not enough to fully offset global price volatility.
Source
1 report