Showing 1 - 10 of 68
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).
Domestic oil prices in focus in talks with PM
Business, Yuthana Praiwan, Published on 19/06/2025
» The Energy Ministry is working to allay concerns over the impact of the Israel-Iran war, pledging that authorities will continue to cap fuel prices, though this may require cutting the oil excise tax.
Diesel price stays at B32 per litre
Business, Yuthana Praiwan, Published on 18/06/2025
» The domestic diesel price in Thailand will remain unchanged at 32 baht a litre, even though the Israel-Iran conflict has pushed up world oil prices, the Oil Fuel Fund Office (Offo) said on Tuesday.
Part of debt-ridden Oil Fuel Fund posts positive reading
Business, Yuthana Praiwan, Published on 04/06/2025
» The State Oil Fuel Fund, once riddled with huge debts after heavily subsidising oil and gas prices, has seen a shift from red to black ink in its oil account, thanks to decreasing global oil prices, said a source at the Energy Ministry.
PTTEP sees healthy growth for next 10 years
Business, Yuthana Praiwan, Published on 15/05/2025
» SET-listed PTT Exploration and Production (PTTEP), the oil drilling arm of PTT Plc, expects its business to continue growing over the next decade, despite a drop in global crude oil prices.
Oil fund loss likely to evaporate in H2
Yuthana Praiwan, Published on 06/05/2025
» The state Oil Fuel Fund’s huge loss of 47.7 billion baht is expected to be wiped out this year thanks to a decrease in global crude oil prices, says an Energy Ministry official.
Oil prices to fall amid calmer Middle East
Business, Yuthana Praiwan, Published on 04/03/2025
» Global prices of crude oil, together with prices of key oil and petrochemical products, are likely to fall in the first quarter and throughout the first half amid fewer geopolitical conflicts in the Middle East, says Thai Oil Plc, Thailand's largest oil refinery by volume.
Thailand reaffirms green pledges
Business, Yuthana Praiwan, Published on 06/01/2025
» Despite an unimpressive end to COP29, the 2024 UN Climate Change Conference held in Baku, Azerbaijan, Thailand remains committed to its campaign to reduce carbon dioxide emissions, with a view to accelerating its progress.
PTT expects uptick next year
Business, Yuthana Praiwan, Published on 03/12/2024
» National oil and gas conglomerate PTT Plc expects a better business performance next year thanks to higher energy demand and an improving Thai economy, though energy prices are likely to decline.
Fuel fund vows to keep diesel prices low
Business, Yuthana Praiwan, Published on 01/11/2024
» The Oil Fuel Fund Office (Offo) will continue to keep domestic diesel prices at less than 33 baht per litre after the current subsidy scheme ended on Thursday, as its financial status has improved following a drop in global oil prices.