Oil Fund's levy is cut
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The National Energy Policy Committee today resolved to raise the Oil Fund's levy on all types of fuel by 60 satang per litre, to reduce the Oil Fund's negative inflows by Bt45 million.
Energy Minister Arak Chonlatanon, who chairs the committee, said that the higher levy, to take effect tomorrow, followed the recent fall in global oil prices.
The Oil Fund's daily loss, resulting from subsidies for diesel, LPG and NGV, will then be narrowed from Bt106 million to Bt61 million. As of Sept 16, the fund sat on net losses of Bt17.43 billion.
