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Search Result for “oil hoarding”

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BUSINESS

Huge loan needed to finance fuel subsidies

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

» Thailand's Oil Fuel Fund is seeking a loan of up to 150 billion baht to stabilise its finances and continue subsidising domestic fuel prices as global diesel costs soar, according to Prasert Sinsukprasert, energy permanent secretary.

THAILAND

Energy Ministry battens down amid 'worst crisis'

News, Published on 04/04/2026

» The Energy Ministry's permanent secretary, Prasert Sinsukprasert, has described the current energy situation as one of the most severe crises in Thailand's history.

BUSINESS

PTG denies fuel profiteering allegations

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

» PTG Energy, a SET-listed oil trader under the PT brand, has dismissed speculation that it was hoarding fuel for profit, adding it has no plans to pursue legal action against those spreading the accusations.

BUSINESS

Oil refineries in the spotlight

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

» A proposal for the government to intervene in oil refinery costs and profits was not included as one of the seven measures recently unveiled to ease the consumer impact of surging global crude oil prices.

THAILAND

Government widens energy response framework

Post Reporters, Published on 04/04/2026

» Prime Minister Anutin Charnvirakul has announced plans to expand the Joint Management and Monitoring Center for the Situation in the Middle East under a "plus" framework, focusing on public assistance and energy restructuring.

BUSINESS

Mideast uncertainty keeps pressure on equities

Business, Published on 04/04/2026

» RECAP: Asian shares remained under pressure yesterday amid dimming hopes for a swift end to the Middle East conflict, though reports that Oman and Iran were drafting terms for reopening the Strait of Hormuz offered some respite. Volumes were thin with some markets closed for the Good Friday holiday.

WORLD

First US fighter jet shot down over Iran

Published on 03/04/2026

» A ​US fighter jet has been shot ​down over ‌Iran and a search and rescue operation was under way for any survivors, a US official said on Friday, in the first such known incident since the the war began on Feb 28.

THAILAND

Kalasin beauty queen loses 2.6m baht to ‘occult’ scam

Online Reporters, Published on 03/04/2026

» KHON KAEN: A provincial beauty queen is pursuing legal action after allegedly being duped into spending more than 2.6 million baht on amulets and rituals promised to restore her love life.

THAILAND

Emily’s Group Sweeps Three National Awards, Debuts New Signature Menu

Published on 03/04/2026

» Emily’s celebrates a remarkable milestone this year, securing three prestigious national awards to reinforce its leadership in distinctive, signature flavors. At the same time, the brand introduces its latest menu offering, “Emily’s Salted Beef & Salted Pork,” a closely guarded family recipe passed down through generations.

THAILAND

57 million litres of fuel ‘missing’ from Surat Thani depots

Online Reporters, Published on 03/04/2026

» Irregularities have been found in the disappearance of 57 million litres of fuel during transport to six oil depots in the southern province of Surat Thani, according to Justice Minister Rutthaphon Naowarat.