The Thai government has set aside an additional 25 billion baht (US$640 million) to subsidise diesel prices, the Bangkok Post reported. The Thai cabinet has agreed to allow the Energy Fund Administration Institute, a public organisation under the Energy Ministry, to borrow from local financial institutions. The extra financing was deemed necessary because…
THAILAND: Additional 25 billion baht allocated for diesel subsidies
Posted on December 30, 2004 by EnergyAsia