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 He explained that the Oil Fund now sees the balance in retailers' contribution and expenses, involving mainly in the subsidies of alternative energy and LPG imports. As such, the contribution would be maintained also to help the public at the time when global oil prices are staying at high levels. The Oil Fund now sits on Bt15 billion of fund.

 Oil retailers on the day raised gasohol products by 70 satang per litre and petrol product by 50 satang per litre, due to the spike in ethanol price. Ethanol is now sold at Bt25 per litre, due to the higher prices of molasses - the main raw material.

 Yet, Wannarat insisted that there would be no shortage of ethanol this year, due to the commercial commencement of two cassava-based ethanol plants. At present, four tapioca plants produce 560,000 litres of ethanol per day, and the two new palnts will produce additional 450,000 litres a day. Domestic demand is now about 1.2-1.3 million litres.