Declining prices set to ease Offo's burden

Global crude oil and gas prices are expected to keep falling next year, easing the financial burden of the debtridden Oil Fuel Fund, says the Oil Fuel Fund Office (Offo).

- YUTHANA PRAIWAN

A vendor heats a pan using a 15-kilogramme cooking gas cylinder at an eatery in Bangkok. APICHART JINAKUL

(APICHART JINAKUL)

The downward trend is projected to continue from this year when key energy prices remained muted due to various factors on the demand and supply sides.

"Analysts expect the global economy not to recover significantly next year," said Pornchai Jirakulpisan, the Offo's director for policy and strategy, citing economic uncertainty as a key reason behind a drop in energy prices next year.