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Sovereign Wealth Funds Briefing - Categorized | Market

Oil Fund set for shake-up for fairness

Posted on 13 November 2014

Energy policymakers will reconsider the role of the state Oil Fund after its burden in subsidising liquefied petroleum gas (LPG) prices ends, says Energy Minister Narongchai Akrasanee.
“Once the fund turns to black, which should be achieved soon, its role will need to be reviewed. We won’t need to levy a lot of money, as we will not return to heavily subsidising the wrong type of fuel as past governments did,” he said Wednesday. The fund is gradually recovering from a loss of 1 billion baht caused by LPG price subsidies.Mr Narongchai said details of the Oil Fund’s future role and levies had not been finalised………………………………………..Full Article: Source


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