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Thailand's Fuel Subsidy Fund to Dry Up in 60 Days.
Byline: Chatrudee Theparat
Mar. 12--The eight-billion baht fund the government has budgeted for fuel subsidies will run out in 60 days, the cabinet was told yesterday.
The government based the subsidy budget on expectations petrol prices would rise three baht a litre if a war broke out in the Gulf and lifted global oil prices from US$33 to US$40 a barrel, the peak in the last Gulf War, said Energy Minister Prommin Lertsuridej.
He added that the oil subsidy should cover price disruptions based on the assumptions of a short war.
The government's ceiling prices for petrol are 16.99 baht a litre for premium, 15.99 baht a litre for regular ...
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short-term loans to help exporters with cash flow between the time of shipment and payment. Deputy Agriculture Minister Charnchai Pathumarat said that proper warehouses are needed to store rubber when its prices are low. He added that having somewhere to keep their inventory would give farmers more
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Source: HighBeam Research, Thailand's Fuel Subsidy Fund to Dry Up in 60 Days.