State vows to maintain price controlsThe government has pledged to cap the prices of diesel and cooking gas for as long as possible to stabilise the costs of consumer goods. The government is considering finding an additional budget to shore up the state Oil Fund used to subsidise retail diesel prices." The Energy Ministry reported that as of Jan 16, the state Oil Fund was 8.7 billion baht in the red. The borrowing is used to subsidise retail diesel prices, which are now capped at 30 baht per litre. Mr Supattanapong said earlier the government expects the first batch of 20 billion baht to help cap diesel prices for a period of only four months.

Source: Bangkok Post January 21, 2022 17:59 UTC