Showing 1 - 10 of 26
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.
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.
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.
Oil drilling set to increase
Business, Yuthana Praiwan, Published on 07/02/2026
» The Department of Mineral Fuels (DMF) is preparing to restart oil and gas exploration and production projects once a new government takes office following the Feb 8 general election, in a bid to attract multi-billion-baht investments and strengthen Thailand's long-term energy security.
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.
Call to reform outdated oil laws to protect energy security
Business, Yuthana Praiwan, Published on 13/01/2026
» PTT Exploration and Production (PTTEP), Thailand's leading oil and gas company, has warned that outdated petroleum laws could threaten the country's energy security if they are not revised soon.
Oil markets shrug off US military intervention in Caracas
Business, Yuthana Praiwan, Published on 06/01/2026
» Global crude oil markets revealed little reaction in the immediate aftermath of the US military operation in Venezuela to detain President Nicolás Maduro on Jan 3, says the Thai Energy Ministry.
Electricity prices likely to dip early next year
Business, Yuthana Praiwan, Published on 02/12/2025
» Electricity prices are set to become slightly cheaper early next year as the Energy Regulatory Commission (ERC) resolved to reduce the power tariff by 0.06 baht per kilowatt-hour (unit) to 3.88 baht a unit, thanks to a projection of lower gas prices.
Bombed PTT station to get compensation
Business, Yuthana Praiwan, Published on 05/08/2025
» Insurance companies cannot cite war as a reason for refusing to pay compensation to the owner of a PTT petrol station in Si Sa Ket, which was struck by a Cambodian rocket late last month, says the Office of Insurance Commission (OIC).
Authorities consider adjusting diesel ceiling price
Business, Yuthana Praiwan, Published on 15/07/2025
» Energy authorities are considering adjusting the ceiling price of diesel at the pump, which has remained unchanged for years despite changes in economic circumstances, says the Oil Fuel Fund Office (Offo).