The Thai federal government intends to borrow TBH 10 billion (US$ 325 million) from commercial banks to finance domestic fuel subsidies, says Energy Minister Pichai Naripthaphan as quoted by the Bangkok Post. The state Oil Fund is now more than 1 billion baht in debt after the government cut levy collections on gasoline and diesel a month ago.

Earlier in September, the Bangkok Post reported that energy price subsidies are expected to cost 5% of the Thai federal government's fiscal budget, or THB 129 billion (US$ 4.2 billion), in the current fiscal year that ends on 30 September. Diesel subsidies cost THB 68 billion and subsidies for liquefied petroleum gas (LPG) and natural gas for vehicles (NGV) are THB 36 billion and THB 25 billion, respectively.