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BUSINESS

Calls grow to control oil refinery pricing

Business, Yuthana Praiwan, Published on 31/03/2026

» Democrat list-MP Korn Chatikavanij has called on the government to step in and regulate the gross refinery margin (GRM) set by oil refinery operators, arguing that intervention is necessary to ease financial pressure on households and businesses as global crude oil prices soar.

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

Andaman oil to lure global investors

Business, Yuthana Praiwan, Published on 06/12/2025

» Thailand's oil and gas exploration and production scheme in the Andaman Sea is expected to draw leading international petroleum investors within two years, according to the Department of Mineral Fuels (DMF).

SUSTAINABILITY

The next guardians of the sea

Business, Yuthana Praiwan, Published on 14/07/2025

» When Natyada Thuasawad gazes upon the vast sea, she sees assets. A student at Prince of Songkla University, Ms Natyada said the sea is a key source of revenue for Thailand, offering people food and exciting tourist attractions along shorelines and on islands.

BUSINESS

BAFS keen to strengthen through regional expansion

Business, Yuthana Praiwan, Published on 27/05/2025

» SET-listed Bangkok Aviation Fuel Services (BAFS) is strengthening its business through overseas expansion, with Cambodia's new international airport being its next target market in Southeast Asia.

BUSINESS

Fuel consumption climbs 2.8% in January

Business, Yuthana Praiwan, Published on 19/03/2025

» Fuel consumption in Thailand increased by 2.8% year-on-year in January in line with economic growth, driven by tourism and government stimulus measures, says Sarawut Kaewtathip, director-general of the Department of Energy Business.

BUSINESS

BAFS fuel sales to rise 8% this year

Business, Yuthana Praiwan, Published on 08/03/2025

» SET-listed Bangkok Aviation Fuel Services (BAFS) expects its fuel sales to increase by 8% this year to 5.4 billion litres, driven by growing tourism and better airport facilities.

BUSINESS

Global Power Synergy set to benefit from rising electricity demand

Business, Yuthana Praiwan, Published on 19/02/2025

» Demand for electricity in Thailand, which is expected to increase this year, will boost revenue for SET-listed Global Power Synergy (GPSC) after it experienced a slight drop in earnings in 2024.

BUSINESS

PTT report sees oil prices decreasing

Business, Yuthana Praiwan, Published on 29/01/2025

» Global energy market prices are expected to decline as new US president Donald Trump recently announced plans to increase domestic production of oil and gas, according to the weekly global oil market report issued by national oil and gas conglomerate PTT Plc.

BUSINESS

Outlook upbeat for Andaman oil auction

Business, Yuthana Praiwan, Published on 18/01/2025

» Energy officials are optimistic about finding new petroleum fields in the Andaman Sea following the successful discovery of petroleum in the lower part of the Andaman, says the Department of Mineral Fuels (DMF).