thailand cuts diesel

Thailand Cuts Diesel and Gasohol Prices for Songkran

BANGKOK — Fuel supplies will remain adequate throughout the Songkran holiday period, while retail oil prices were set to fall from Saturday after the Oil Fuel Fund Executive Committee approved cuts to levy rates, Energy Minister Akanat Promphan announced.

Refining Margins to Be Lowered, Diesel Set to Drop by 2.14 Baht

Speaking on Saturday, Akanat said the recent softening in global oil and refined product prices had allowed authorities to adjust domestic retail prices downward, providing some relief for millions of Thais travelling to celebrate the traditional New Year with their families. He reassured the public that fuel supplies would be sufficient during the busy holiday travel period, adding that the ministry would closely monitor stock levels and international market volatility.

The minister noted that the financial position of the Oil Fuel Fund has improved significantly. At the peak of the global energy crisis, the fund recorded losses of up to 2.5 billion baht per day. Those losses have since narrowed to around 400 to 500 million baht daily, a level he described as manageable. However, the fund still carries a substantial deficit of nearly 60 billion baht. Further price adjustments will depend on global market developments, particularly ongoing uncertainty surrounding tensions in the Middle East.

Thai Government Confirms Sufficient Fuel Supplies During Songkran Holiday

Crude prices have softened recently, while refined product prices, especially diesel in the Singapore market, have fallen from approximately $300 per barrel to roughly $200 over the past four to five days, suggesting room for further domestic reductions. During the Songkran holiday period, the ministry has said it will prioritise securing sufficient supply and building reserves, while closely tracking global price movements to determine whether additional adjustments are warranted in the days ahead.

-Thailand News (TN)

Similar Posts

  • Thai Prime Minister Anutin Begins Official Visit To France To Strengthen Bilateral Ties

    PARIS, France — Prime Minister Anutin Charnvirakul has commenced an official visit to France at the invitation of French President Emmanuel Macron, marking a significant diplomatic engagement aimed at strengthening bilateral cooperation in trade, energy, transport, and cultural exchange, according to government spokesperson Ratchada Dhnadirek. Thai PM Anutin Says Koh Kood Remains Thai The visit, […]

  • Recent Poll Reveals Most Thais Support Death Penalty for Severe Crimes

    BANGKOK – A recent public opinion poll shows that a large majority of Thai citizens strongly support the death penalty. People firmly believe capital punishment is necessary to stop violent crime across the entire country. Furthermore, the survey highlights a massive demand for strict justice and safer local communities. Researchers at North Bangkok University officially […]

  • | |

    AJK gears up for second phase of elections

    Preparations are in full swing for the second phase of the Azad Jammu and Kashmir (AJK) Legislative Assembly elections, with polling scheduled for August 2 across Muzaffarabad Division and 12 refugee seats. The second phase will cover the three districts of Muzaffarabad Division—Muzaffarabad, Neelum and Jhelum Valley—as well as 12 constituencies reserved for Kashmiri refugees residing in Pakistan. According to election authorities, a total of 890,621 registered voters are eligible to cast their ballots in the nine constituencies of Muzaffarabad Division. Of these, 427,955 are male voters, while 381,666 are female voters. To facilitate polling, 1,483 polling stations have been established across the division. District Muzaffarabad, which has five constituencies, will have 1,205 polling stations. District Neelum, comprising two constituencies, will have 278 polling stations, while 328 polling stations have been set up in the two constituencies of Jhelum Valley. A total of 208 candidates are contesting the nine seats in Muzaffarabad Division, making the second phase a closely watched electoral contest. Meanwhile, Kashmiri refugees living in Pakistan will also cast their votes for 12 refugee constituencies, evenly divided between six Jammu seats and six Valley seats. The Jammu refugee constituencies include LA-34 Jammu-I through LA-39 Jammu-VI, while the Valley refugee constituencies comprise LA-40 Valley-I through LA-45 Valley-VI. The Azad Jammu and Kashmir Election Commission will announce the results of all 12 refugee constituencies after the completion of polling. Authorities have said all necessary arrangements have been finalised to ensure a peaceful, transparent and orderly voting process during the second phase of the elections.

  • | |

    How Kanye West celebrated after settling ex-assist…

    Kanye West appears to have put a lengthy legal battle behind him after reaching a settlement with his former assistant, Lauren Pisciotta. Just days after the civil lawsuit was resolved, the rapper was reportedly seen enjoying a night out in Ibiza, signaling a return to public life following months of courtroom headlines.  According to court filings, West and Pisciotta reached an unconditional settlement in the lawsuit that began in 2024. The terms of the agreement remain confidential, and Pisciotta is expected to formally dismiss the case within 45 days. West has consistently denied the allegations made against him throughout the legal proceedings, and the settlement does not include any admission of wrongdoing by either party.  Soon after news of the settlement became public, TMZ reported that West was spotted celebrating in Ibiza, Spain. The rapper was seen visiting one of the island’s popular nightlife venues, appearing relaxed as he spent time with friends. The outing marked one of his first public appearances since the legal dispute came to an end.  Lauren Pisciotta, who worked as West’s personal assistant and later as his chief of staff, first filed her lawsuit in June 2024. She accused the rapper of sexual harassment, wrongful termination and breach of contract. The complaint was later amended to include additional allegations, including sexual assault and sexual battery. West denied the accusations, with his representatives previously describing the claims as false and unfounded. No criminal charges were filed in connection with the civil case.  Although the settlement closes one chapter, West continues to attract attention both for his music career and his public appearances. The artist, who legally changed his name to Ye in 2021, has remained a frequent subject of headlines over the past several years due to legal disputes and personal controversies.  Neither West nor Pisciotta has publicly commented on the specific terms of the settlement. Legal experts note that confidential settlements are common in civil litigation and often allow both parties to avoid a lengthy trial. Because the agreement remains private, it is unclear whether any financial compensation was involved.  For now, West appears focused on moving forward. His appearance in Ibiza quickly drew media attention, with many viewing the outing as a sign that he is leaving the legal battle behind. While the settlement brings an end to one of his most closely watched civil cases, the rapper remains one of the entertainment industry’s most talked-about and closely followed figures. 

  • | |

    Angelina Jolie makes emotional U-turn on love as l…

    Angelina Jolie is reportedly entering a new chapter in her life, one marked by personal reflection, emotional healing, and a changing perspective on love. As the Hollywood star prepares for the day when all six of her children are living independent lives, new reports suggest she is also reassessing her feelings about romance following her highly publicized split from Brad Pitt. According to recent entertainment reports, Jolie has spent much of the past several years focusing on her children and career while keeping her personal life out of the spotlight. Sources claim that the actress has been reluctant to date after her difficult breakup with Pitt, believing the emotional toll of the relationship left her wary of opening her heart again. Insiders say Jolie’s hesitation stems from the challenges she faced during and after her separation from Pitt. The former couple’s divorce and legal disputes, including ongoing disagreements over custody and the French winery Château Miraval, have kept them in the headlines for years. Those experiences reportedly had a lasting impact on Jolie’s confidence in romantic relationships. However, recent reports suggest the actress is beginning to shift her outlook. Rather than allowing past heartbreak to define her future, Jolie is said to be embracing a healthier mindset. While she is not actively searching for a new relationship, sources claim she is no longer completely closed off to the possibility of finding love again if the right person comes along. Another major reason for Jolie’s emotional transition is her changing role as a mother. With her children growing older and pursuing their own education, careers, and interests, the actress is gradually approaching the empty-nest stage of life. Although the transition is expected to be bittersweet, those close to Jolie say she is proud of her children and excited to see them build their own futures. Friends reportedly believe this next phase could allow Jolie to focus more on herself after years of putting her family first. Whether through new film projects, humanitarian work, travel, or eventually a future relationship, the actress is said to be embracing the opportunities that come with this fresh chapter. Despite the renewed optimism, reports indicate Jolie remains cautious. She is said to value emotional stability and trust more than ever before and has no interest in rushing into another romance. Instead, she is focused on protecting the peace she has worked hard to create. While only Angelina Jolie truly knows what the future holds, recent reports paint a picture of a woman who is gradually moving beyond the pain of the past. As she prepares for life after raising her children at home, Jolie appears determined to prioritize healing, happiness, and a future shaped by her own choices rather than past experiences.

  • Thailand to Begin Construction of Border Fences with Cambodia Next Month

    BANGKOK — Thailand will commence construction of border fences along a part of its frontier with Cambodia next month as part of enhanced security measures following deadly clashes between the two nations last year amid persistent tensions, military officials announced. Thai Military Unveils Design for New Border Fence with Cambodia The first barrier will cover […]

Leave a Reply

Your email address will not be published. Required fields are marked *