2023-10-12 11:16:43
The Ministry of Energy discusses the widening impact on Israel, plans to use “tax-funds” to take care of it if oil prices surge.
Mr. Prasert Sinsukprasert Permanent Secretary of the Ministry of Energy revealed that today (Oct. 12) the Ministry of Energy held a meeting to monitor the progress of the energy price situation from the conflict between Israel and Hamas. By consulting with relevant parties to assess the energy price situation due to the impact of the conflict between Israel and Hamas. It was found that oil prices began to weaken, but the Ministry continued to monitor closely. As for oil, it is confirmed that there is no shortage of plans. Because Thailand orders oil from many sources. and has reserves from both legal and private reserves Including being in the process of sailing for up to 70 days, at the same time there is a fuel fund that will maintain the level of diesel prices at the same level until the end of the year.
In addition, if the problem spreads and results in the price of oil being more expensive. The Ministry of Energy and the Ministry of Finance have been closely discussing how to raise the level of care for people’s living expenses to minimize the impact. The Ministry of Finance is ready to use the oil excise tax mechanism to take care of this further. The Ministry of Energy is preparing a plan to use the fuel fund to take care of more. Especially borrowing money from the fund. It may be necessary to request additional borrowing from the original borrowing ceiling of 110 billion baht. However, from the current situation, this is not necessary.
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