Economy News
Thailand economy news, business updates, financial markets, and government policies—stay informed on economic developments shaping the nation. Get the latest from The Thaiger, your trusted source for Thailand economic news.
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Long queues form at Pattaya stations as fuel price hike takes effect
Retail fuel prices in Thailand are set to rise by 6 baht per litre from today, March 26, after the State Oil Fund Administration Committee approved a cut to subsidy rates for both diesel and petrol, according to reports yesterday, March 25. The change affects all fuel types and follows rising global oil prices linked to tensions in the Middle…
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March 26 Thailand fuel prices updated across five major brands
Thailand fuel prices were updated for today, March 26, in a daily report from the Energy Policy and Planning Office (EPPO) under the Ministry of Energy, covering five major service station brands including PTT, Bangchak, PT, Caltex and Shell. At PTT stations, gasohol 95 was priced at 41.05 baht per litre, gasohol E20 at 36.05 baht, gasohol E85 at 32.79…
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Thailand oil crisis poll shows unease and doubts over reserves
A new NIDA Poll released today, March 22, found that many adults in Thailand are worried about the country’s oil crisis, with more than half reporting daily difficulties, and a large share expressing little confidence in the government’s ability to maintain a stable oil supply. The survey, titled “Oil shortage: Talk to your partner, Switch off the lights”, was conducted…
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UAE property market slows sharply as deals fall 51% month on month
Property transactions in the UAE have slowed sharply since the latest conflict in the Middle East began, according to investment bank Goldman Sachs, which said rising regional uncertainty is starting to weigh directly on homebuyer demand. The war is now entering its third week and has increased volatility across financial and energy assets in the region. Goldman Sachs analysts, led…
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1,000 trucks assemble in Chon Buri in fuel shortage protest
More than 1,000 trucks assembled in Chon Buri this morning, March 18, as the Land Transport Federation of Thailand pushed for government action over the ongoing fuel shortage. Its president is urging changes to fuel supply management, stating that certain energy capital groups are thriving at a time when the general public is struggling the most. At 9.20am, Land Transport…
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Energy chief apologises for petrol station delays, says fuel sufficient
Thailand’s fuel supply remains sufficient despite recent disruption at petrol stations, the director-general of the Department of Energy Business said today, March 17, after apologising for queues and delivery problems seen in recent days. Speaking at Government House, Sarawut Kaewtathip began with a public apology for what he described as confusion and obstacles faced outside fuel stations. Sarawut said Thailand…
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Border petrol stations in Mae Sot suspend services as fuel runs out
Several petrol stations along the Thai-Myanmar border in Mae Sot district, Tak province, were forced to temporarily suspend services today, March 15, after running out of fuel amid a rise in price and demand. At around 5.30pm, large numbers of vehicles, including cargo trucks, agricultural transport vehicles, private cars and motorcycles, were queuing for fuel along Asian Highway 12, where…
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Thailand oil reserves revised to 95 days after new supply confirmed
Thailand is preparing to tighten fuel exports and bolster domestic stockpiles, with Energy Minister Attapol Ruekpibul saying yesterday, March 5, that Thailand’s oil reserves and confirmed incoming supply should be enough for about 95 days. Speaking at Government House, Attapol said the earlier estimate of 60 days’ oil reserves had been revised to reflect the real figures. Thailand currently holds…
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