EconomyNation Thailand
Thailand Faces ‘Worst Energy Crisis in History’ as Diesel Prices Treble
The Energy Ministry plans to reclaim refinery windfall profits to rescue the national Fuel Fund as global prices soar towards $300 per barrel.
Source: Nation ThailandRead the original ↗
Thailand is facing its worst-ever energy crisis as diesel prices treble on Middle East tensions that have pushed global energy prices near $300 per barrel.
The Energy Ministry is preparing to reclaim refinery windfall profits to prop up the Fuel Fund so it can keep subsidising without overstretching.