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Senate approves Finance Ministry’s guarantee Oil Fuel Fund’s debt

Senate approves Finance Ministry’s guarantee Oil Fuel Fund’s debt

13 Sept 06:23 Key points summarised by AI
  • The Thai Senate approved the Finance Ministry's guarantee for the Office of Oil Fuel Fund's 130 billion baht debt.
  • This debt accumulated due to government subsidies on cooking gas during the three-year COVID-19 pandemic, which depleted the fund's 36 billion baht reserve amid rising global prices.
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