The state-run Oil Fuel Fund, which is now being used to subsidise diesel, is now losing more than 1 billion baht a day, acting Energy Minister Auttapol Rerkpiboon told the broadcaster MCOT on Wednesday. The government estimates accumulated losses may reach 10 billion baht by March 18, according to cabinet documents released on Tuesday. In terms of the Oil Fuel Fund, Mr Auttapol did not elaborate on what action the government may take if losses swell. Possible measures may include gradually raising diesel prices or increasing the fund’s borrowing limit, with the Ministry of Finance acting as a guarantor. The fund had a small surplus of around 2 billion baht before the latest energy crisis.

Source: Bangkok Post March 11, 2026 17:21 UTC