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BUSINESS

State steps in as oil rockets to $100

Yuthana Praiwan, Published on 09/03/2026

» Thai energy authorities are preparing to secure loans from commercial banks to shore up the Oil Fuel Fund, which is rapidly running dry as global crude prices surge past US$100 per barrel amid the escalating US-Iran conflict.

BUSINESS

Local fuel prices capped for 15 days

Yuthana Praiwan, Published on 04/03/2026

» Prime Minister Anutin Charnvirakul said on Wednesday that people do not need to stockpile fuel as prices would be capped for the next 15 days.

BUSINESS

PTT seeks global LNG player status

Business, Yuthana Praiwan, Published on 24/02/2026

» National oil and gas conglomerate PTT Plc has unveiled plans to transform itself into a global liquefied natural gas (LNG) trading firm, marking a major shift from its role as Thailand's LNG importer a decade ago.

BUSINESS

Egat makes B31bn investment to upgrade EEC power system

Business, Yuthana Praiwan, Published on 16/02/2026

» The Electricity Generating Authority of Thailand (Egat) is spending 31 billion baht to upgrade the power transmission system in the Eastern Economic Corridor (EEC), in a bid to ease a bottleneck for electricity supply to data centre development projects.

BUSINESS

Petroleum law changes put on hold

Business, Yuthana Praiwan, Published on 21/01/2026

» The Department of Mineral Fuels (DMF) has finished drafting amendments to the Petroleum Act to ensure the continuity of petroleum production when licences expire, avoiding delays that can result in expensive electricity bills.

BUSINESS

Declining prices set to ease Oil Fuel Fund Office's burden

Business, Yuthana Praiwan, Published on 06/11/2025

» Global crude oil and gas prices are expected to keep falling next year, easing the financial burden of the debt-ridden Oil Fuel Fund, says the Oil Fuel Fund Office (Offo).

BUSINESS

Government targets B720bn of clean energy investments

Business, Yuthana Praiwan, Published on 08/10/2025

» The Energy Ministry aims to generate 720 billion baht in investment for energy development projects, notably solar power and carbon capture storage, putting Thailand on a fast track towards its net-zero goal, achieving it 15 years sooner than the target date.

BUSINESS

Thai fuel prices to fall by B0.50 a litre

Yuthana Praiwan, Published on 03/10/2025

» Retail fuel prices are being reduced by 50 satang per litre from 5am on Saturday as part of a series of government measures to ease the cost of living.

BUSINESS

PSP Specialties anticipates prospects for sales growth

Business, Yuthana Praiwan, Published on 27/08/2025

» Thailand's engine oil exports continue to experience significant growth despite the US reciprocal tariff policy, thanks to demand from China and Southeast Asia, says Thai lubricant manufacturer PSP Specialties Plc.

BUSINESS

Fresh hope for clean energy targets

Business, Yuthana Praiwan, Published on 16/08/2025

» The new deadline for implementation of the much-delayed power development plan (PDP) offers a blueprint for Thailand to align with its clean energy goals.