Business News

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  • PTT fuel supply sufficient nationwide, OR CEO says

    PTT fuel supply sufficient nationwide, OR CEO says

    PTT Oil and Retail Business Public Company Limited (OR) has said fuel supplies remain sufficient at more than 2,400 PTT service stations nationwide, despite concerns linked to the prolonged unrest in the Middle East. In a Facebook post on March 15, OR Chief Executive M.L. Peakthong Thongyai said the company is closely monitoring the situation and working to ensure the…

  • Thailand says fuel reserves sufficient amid global oil concerns

    Thailand says fuel reserves sufficient amid global oil concerns

    Thailand is unlikely to face a fuel shortage despite global uncertainties, Prime Minister Anutin Charnvirakul said today, March 15, urging the public to conserve energy while reassuring that oil supplies remain stable. Speaking at the House of Parliament, Anutin said Thailand would maintain oil sales to Laos, adding that the country is not facing any immediate fuel shortages. He said…

  • Middle East conflict threatens Thailand’s GDP with potential 2.31% decline

    Middle East conflict threatens Thailand’s GDP with potential 2.31% decline

    Thailand’s GDP could shrink by up to 2.31 percentage points if the ongoing Middle East conflict remains unresolved, according to an analysis by the Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce (UTCC). The centre outlined three scenarios for how the war could affect the economy, ranging from a brief disruption to a…

  • Thailand tourism steady despite 4.4% dip amid Middle East conflict

    Thailand tourism steady despite 4.4% dip amid Middle East conflict

    Thailand recorded a 4.40% decline in international tourist arrivals between January 1 and March 11, 2026, compared with the same period last year, 2025, but inbound travel has remained steady into early March despite pressures linked to Middle East tensions, reported the Ministry of Tourism and Sports. Natreeya Thaewiwong, the ministry’s permanent secretary, said cumulative arrivals in the first part…

  • Government assures no oil shortage amid fuel measures review

    Government assures no oil shortage amid fuel measures review

    Fuel cost measures and supply planning were discussed at Government House in Bangkok yesterday, March 9, as the government responds to public concern about energy costs and risks linked to the Middle East. Deputy Prime Minister Phiphat Ratchakitprakarn, who is also the transport minister, briefed reporters after the energy meeting in his capacity as director of the Centre for Administration…

  • Anutin announces 15-day cap on diesel price at 29.94 baht per litre

    Anutin announces 15-day cap on diesel price at 29.94 baht per litre

    Thailand’s government ordered a diesel price freeze yesterday, March 3, after concerns over an escalating overseas conflict prompted some motorists to rush to fill up and stockpile fuel, amid fears prices could rise. The move follows reports that fighting involving the United States and Israel against Iran has affected oil exports and is expected to last for around four weeks.…