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Part of debt-ridden Oil Fuel Fund posts positive reading
Bangkok Post
|June 04, 2025
The State Oil Fuel Fund, once riddled with huge debts after heavily subsidising oil and gas prices, has seen a shift from red to black ink in its oil account, thanks to decreasing global oil prices, said a source at the Energy Ministry.
The fund, which is used as a buffer against energy price fluctuations, comprises two parts — oil and liquefied petroleum gas (LPG) accounts.
Authorities spend money from the fund to subsidise domestic oil and LPG prices in an effort to prevent them from rising in order to ease the possibility of an increased financial burden on businesses and households.
The oil account went into the black for the first time in more than three years since it started posting losses at the end of 2021.
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