Bangkok Post
New strategic plan aims to combat fuel crises
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The cabinet has endorsed a strategic plan for the Oil Fuel Fund and a fuel crisis response plan covering 2026-29 with wider use of biofuels made from domestic raw materials to help deal with volatility in global energy markets.
Key facts
- The cabinet has endorsed a strategic plan for the Oil Fuel Fund and a fuel crisis response plan covering 2026-29 with wider use of biofuels made from domestic raw materials to help deal with volatility in global energy markets.
- The transition to fuels blended with biofuels is a priority, as are measures to stabilise fuel prices during crises, deputy government spokeswoman Lalida Persvivatana said on Tuesday.
- The fund currently subsidises diesel B7 at 8.75 baht per litre and B20 at 12.62 baht
- It is running a deficit of 92 billion baht, with total support for domestic energy prices expected to approach 110 billion.
Summary
The transition to fuels blended with biofuels is a priority, as are measures to stabilise fuel prices during crises, deputy government spokeswoman Lalida Persvivatana said on Tuesday.
The goal is to provide the tools to manage energy supplies according to changing circumstances and make greater use of energy sources produced domestically, she said.