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Sovereign Wealth Funds Briefing - Categorized | Financials

Bangkok: State Oil Fund running low on cash

Posted on 31 March 2011

The state Oil Fund will go into the red around the end of April if the government continues with its policy to subsidise the price of diesel price to keep it below 30 baht a litre, Energy Policy and Planning Office (EPPO) acting director-general Boonsong Kerdklang said on Wednesday.

Mr Boonsong said he will report to the National Energy Policy Committee, which will meet on April 20, that the Oil Fund will run out if the diesel subsidy policy continues after April………………………………………Full Article: Source


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