BANGKOK — The government has confirmed there are adequate supplies of oil for local consumption but warned that local prices will still rise in line with global prices, even with the use of subsidies to offset the increase. Thailand’s Current Oil Reserves Will Last 61 Days, Energy Ministry Confirms Speaking after a meeting on the […]
BANGKOK — Thailand’s Ministry of Transport is set to announce a ministerial regulation on Thursday to prevent public transport providers, including taxis, motorcycle taxis, and on-demand ride-hailing services, from arbitrarily increasing their fares in response to the ongoing conflict in the Middle East, Transport Minister Phiphat Ratchakitprakarn confirmed on Wednesday. Thailand has enough oil for […]
BANGKOK – Rising fuel and transport costs are threatening to drive up prices of essential goods across Thailand, with consumer staples already showing signs of inflationary pressure as the Commerce Ministry works to stabilise retail prices until at least April. Rising Fuel Costs Force Fishing Fleets Across Thailand to Dock Somchai Pornrattanajaroen, honorary adviser to […]
BANGKOK — The government is encouraging the use of B20 biodiesel as a more cost-effective alternative to conventional diesel, citing a price advantage of five baht per litre and potential cost savings for public transport operators, a government spokesperson said on Tuesday. Thai Government Confirms Sufficient Fuel Supplies During Songkran Holiday Ratchada Dhnadirek, vice minister […]
BANGKOK – Energy Minister Akanat Promphan has ordered a reduction in diesel refining margins aimed at lowering retail fuel prices by approximately 2.14 baht per litre, with the measure expected to take effect on Thursday. The decision marks the first time Thailand has used emergency powers to directly influence refinery pricing in order to ease […]
BANGKOK, Thailand — Domestic fuel prices in Thailand are projected to remain high until the final quarter of the year, despite a recent decline in global crude benchmarks and the impending signing of a peace agreement between the United States and Iran. Energy sector projections indicate that Thai motorists will continue to face elevated costs […]