Thailand’s Energy Fund Administration Institute plans to borrow another 30 billion baht (US$1 = 41 baht) from seven financial institutions to continue subsidising domestic diesel prices, according to the Nation newspaper. The institute, which manages the country’s Oil Fund, will be borrowing the money at an average cost of 2.15% per annum, with a repayment…
THAILAND: Extra 30 billion baht oil subsidy to cap diesel prices
Posted on September 17, 2004 by EnergyAsia