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Search Result for “oil”

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BUSINESS

Fuel crisis upends state's fiscal plans

Business, Wichit Chantanusornsiri, Published on 17/04/2026

» The energy crisis may pose a challenge for the government in pursuing its fiscal plan, which aims to reduce the fiscal deficit to no more than 3% of GDP, increase revenue through a higher value-added tax (VAT), and keep public debt below 70% of GDP, according to the Finance Ministry.

THAILAND

New push to keep fares low

News, Chairith Yonpiam, Published on 17/04/2026

» The government has approved a 2.06 billion baht support package for the transport sector, aiming to cushion the impact of rising fuel prices, stabilise fares and ease pressure on household living costs.

THAILAND

Calls mount for energy pricing rejig

News, Post Reporters, Published on 17/04/2026

» A coalition of civic groups has called on Energy Minister Akanat Promphan to reform the energy pricing structure, enact laws to reclaim excess refinery profits, and liberalise rooftop solar installation for households.

BUSINESS

Agency raises diesel price ceiling in cost formula

Business, Wichit Chantanusornsiri, Published on 17/04/2026

» The Comptroller General's Department has raised the diesel price ceiling used in calculating reference prices for public construction projects to no more than 69.99 baht per litre, in order to reflect the rising costs of government construction works resulting from the war in the Middle East.

BUSINESS

Ministry mulls shelving fuel loan

Business, Yuthana Praiwan, Published on 17/04/2026

» The Energy Ministry is weighing whether to abandon plans to borrow 150 billion baht to support the fast-depleting Oil Fuel Fund, following a breakthrough in negotiations with oil refineries to lower diesel prices.

BUSINESS

K-Research foresees stagflation risk in H2

Business, Nareerat Wiriyapong, Published on 17/04/2026

» Thailand is expected to enter a state of stagflation late in the second quarter and the beginning of the third quarter of this year as businesses begin material restocking while oil prices remain high amid ongoing conflicts in the Middle East, according to Kasikorn Research Centre (K-Research).

BUSINESS

Fertiliser supply set to last until May

Business, Kuakul Mornkum, Published on 17/04/2026

» The Commerce Minister says the current fertiliser supply is expected to last until May, and at present no producers have requested approval to increase prices.

THAILAND

Oman to deepen energy, defence ties

News, Poramet Tangsathaporn, Published on 17/04/2026

» Thailand and Oman have agreed to deepen cooperation in defence and energy following an official visit by Deputy Prime Minister and Foreign Affairs Minister Sihasak Phuangketkeow.

OPINION

The war and its likely consequences

Oped, Thitinan Pongsudhirak, Published on 17/04/2026

» As the joint attack between the United States and Israel against Iran that resulted in a wider regional conflict in the Middle East approaches its two-month mark, the directions of the war remain precarious while some of the longer-lasting consequences appear evident. Unsurprisingly, the war has been detrimental and damaging for all states and societies concerned, not just within the affected region but the wider world. Already we can start counting some of the long-term costs.

THAILAND

Songkran just the tonic amid Mideast ructions

News, Jakkrit Waewkraihong, Published on 17/04/2026

» The Songkran festival has played a crucial role in supporting and reviving the economy during a period of energy-related uncertainty, with expectations rising for further stimulus measures to sustain momentum, an academic said.