Search Results for: oil prices
- Business News
Thai energy business reports 2.6% decline in Q1 fuel consumption
The Department of Energy Business (DOEB) reported a 2.6% decline in fuel consumption in the first quarter of the year, amounting to 156.7 million litres per day. This decrease is attributed to the expiration of the capped price policy. The Director General of DOEB, Sarawut Kaewtathip, noted a rise in the daily average volume of jet fuel and liquefied petroleum…
- Automotive
The hidden expenses of car ownership in Bangkok revealed
We all know that cars are expensive, but many are unaware of how much it really costs to own one. While many think fuel is the only cost to worry about, there’s actually a whole lot more to consider when it comes to owning a car in Bangkok. From maintenance to insurance, the hidden expenses can sneak up on you.…
- Thailand Cannabis Guide
How you can enjoy your Thai cannabis vacation
Considering an exceptional retreat that blends serenity with adventure? The recent modifications to Thailand’s cannabis legislation have sparked worldwide interest, establishing it as a leading destination for those desiring to explore its burgeoning cannabis culture in a picturesque tropical setting. The expansion of the cannabis industry has significantly enhanced Thailand’s attractiveness as a hospitable environment for cannabis aficionados. This guide…
- Automotive
Electric car sales to surge by 2024 despite economic challenges
The International Energy Agency (IEA) predicts a robust growth in the sales of electric cars in 2024, despite economic challenges in certain markets. Key driving factors for this surge include affordability and the development of charging infrastructure. The IEA estimates that electric car sales will reach 17 million this year, a boost from 14 million the previous year. This indicates…
- Featured Dispensaries
Top 10 cannabis dispensaries in Thailand
Forget about transactions at shady back alleys in Thailand. After the country decriminalised marijuana back in 2022, you can now go to brick-and-mortar shops to buy flowers, edibles, and pot paraphernalia. These weed shops in Thailand are not simply places to grab your greens and go, but vibrant destinations in themselves. But with so many dispensaries sprouting up all over…
- Business News
PTT assures adequate LNG reserves to beat heat in Thailand
With summer temperatures expected to soar, PTT Plc, Thailand’s national oil and gas conglomerate, has assured that its liquefied natural gas (LNG) reserves are up to the task of meeting the country’s increased electricity demand. In Thailand, 60% of the fuel used for electricity generation is gas. As a result, PTT is prepared, with gas reserves of 6 billion cubic…
- Thailand News
Governor warns of fuel station scams this Songkran
To safeguard consumers against potential exploitation during the upcoming Songkran festivities, Prachuap Khiri Khan’s provincial authorities have unleashed a new campaign. Led by Deputy Governor Komkrit Charoenpatanasombat, the crackdown aims to ensure fair pricing at fuel stations across the province. Accompanied by a team of officials including Siriwan Kanasorn, Nopadol Suwongpradit, and Chanthip Niamprad, inspections were conducted yesterday, to prevent…
- Business News
Fuelling fears: Thai diesel price hike won’t ignite retail inflation
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) stated that a potential increase in domestic diesel prices, which could surpass 30 baht a litre following the termination of the Oil Fuel Fund subsidy scheme on March 31, is unlikely to prompt manufacturers to raise the prices of their goods. Prime Minister Srettha Thavisin revealed on Tuesday, April 2,…
- Business News
Thailand’s manufacturing production index falls for 17th time
The Office of Industrial Economics (OIE) disclosed that Thailand’s Manufacturing Production Index (MPI) has fallen for the 17th consecutive month. February saw a year-on-year decrease of 2.8%, bringing the index to 99.2 points. This slump is largely attributed to a drop in manufacturing within key sectors, including the automotive industry. The OIE has also highlighted ongoing issues with high household…
- Thailand News
Price surge in off-season rice boosts Thai farming
The president of Ban Mai Khao Farmers Group commended the recent increase in the price of fresh off-season rice, which has hit 10,000 baht (US$280) per tonne. This price surge not only encourages the traditional practice of rice cultivation among Thai farmers but also ensures a steady income for them. Suphan Phathom’s area of oversight includes the last remaining rice…
- Thailand News
Navy officer shoots burglar at Sattahip residence
A Royal Thai Navy (RTN) officer-turned-homeowner in Sattahip left a suspected burglar nursing wounds after a daring confrontation yesterday. Sattahip police raced to the scene following reports of a break-in at 6.30am yesterday. The scene unfolded at a serene single-family abode nestled along Sukhumvit Road in the Sattahip district of Chon Buri province. Officers arrived to find 44 year old…
- Thailand News
Chon Buri police nab thief stealing 18,000 baht gold bracelet
A theft at a gold shop in Chon Buri Province was foiled when police apprehended a 21 year old factory worker who posed as a customer to steal a gold bracelet. The suspect, Shinawatra, was arrested and confessed to the crime, prompted by the high gold prices to fund personal expenses. The brazen theft occurred at a gold shop in…
- Guides
Master essential words for smooth BTS skytrain journeys in Bangkok
Embarking on a journey through Bangkok’s BTS (Bangkok Mass Transit System) is an electrifying highlight of your Thai escapade, and it’s bursting with excitement! However, there are some twists and turns to navigate. If you’re diving into this adventure for the first time, grasping the essential terms can transform your experience from good to absolutely amazing. Whether you’re a wide-eyed…
- Business News
Foreign funds return to SET amid Federal Reserve expectations
Foreign funds made a return to the Stock Exchange of Thailand (SET) in February, despite a 3.2% shrinkage of the SET index in the first two months of 2024. The investors’ return was driven by a decrease in expectations of the Federal Reserve’s policy rate cut, which was predicted to happen only thrice this year. Soraphol Tulayasathien, the SET’s senior…
- Business News
Vietnam’s rice exports projected to decline amid quality shift
A downward shift is projected for Vietnam’s rice exports in the current year, with estimates ranging between 6.5 and 7.0 million metric tonnes. This is a noticeable drop from the previous year’s record high of 8.1 million tonnes, as reported by the Vietnam Food Association. Vietnam, ranking third globally in rice exports after Thailand and India, indicated a strategic shift…
- Automotive
Petrol, diesel, or electric: Which car saves you more?
When you’re in the market for a new vehicle, the choice between electric, diesel, and petrol cars can be a bit of a puzzle. Each type offers its own unique benefits and drawbacks, making the decision all the more challenging. You’re not just choosing a car; you’re selecting a companion for your daily commutes, road trips, and everything in between.…
- Automotive
EV expectations vs reality: The truth behind electric cars
When you’re in the market for an electric vehicle (EV), the allure of cutting-edge technology and the promise of a greener future are hard to resist. Manufacturers tout impressive ranges and revolutionary designs, painting a picture of the seamless transition from traditional petrol cars to electric marvels. Yet, once you dive into the world of EVs, you might find a…
- Automotive
Tips for finding an affordable auto repair shop in thailand
Regular maintenance checks, routine tyre changes, even more, complex transmission work – whatever it may be, it’s clear that going to a good auto repair shop can save you loads of time and money. But finding an affordable auto repair shop that you can trust isn’t always easy. But here’s the good news – it’s not impossible! Here are six…
- Automotive
A guide to renting a motorbike in Thailand
With travel agencies and motorbike rental shops frequenting almost every road, Thailand certainly makes it easy to find a motorbike to rent or even buy a car as well. But, renting comes with rules to follow and certain things to keep in mind. From safety to the law, knowing the risks of riding is always recommended. Here, we have a…
- Business News
Thailand and Cambodia reignite talks on joint petroleum production
The Petroleum Exploration and Production Industry Club has shown its full support to the renewed efforts of the government to kickstart the oft-stalled talks on joint petroleum production between Thailand and Cambodia. The talks revolve around the Overlapping Claims Area (OCA), located in the Gulf of Thailand. Nipatsin Yimyam, the club’s chairman under the Federation of Thai Industries, stated their…
- Thailand News
Thailand’s potash push: Prosperity or peril?
As Thailand eyes a leap into the lucrative potash market, concerns loom large over the potential environmental havoc it may unleash. Residents in the vicinity of Thailand’s solitary commercial potash mine have raised a chorus of apprehension, cautioning against Prime Minister Srettha Thavisin’s grand vision to catapult the nation into a leading potash producer. Their concerns centred around the likely…
- Featured Dispensaries
How High Times want to change the cannabis culture in Thailand
Cannabis has been legal in Thailand for almost two years now. However, many still see the plant in a negative light. High Times, a weed dispensary in Bangkok, is on a mission to change this negative perception. Founded by Canadians, they seek to bring the positive changes witnessed by cannabis legalisation in their home country to Thailand. They believe that…
- Business News
Fuel dispensers’ accuracy standards to tighten in Thailand
The Internal Trade Department of the Commerce Ministry is set to tighten the accuracy standards for fuel dispensers at petrol stations. The new directive seeks to lower the margin of error to ensure that consumers receive fair and accurate fuel measurements. The department expects to enforce the new criteria within the next one to two weeks. Chakra Yodmani, the department’s…
- Thailand News
Chinese New Year celebrations across Thailand: Golden dragons, vibrant attire, and mouthwatering feasts
Chiang Mai has been transformed into a mesmerising spectacle as lion and golden dragon dance troupes from Bangkok took to the streets for the Chinese New Year celebrations. Store owners eagerly invited them inside, hoping to bask in the good luck and prosperity they brought. Meanwhile, at the iconic Tha Phae Gate, Chinese tourists swarmed, dressed in Thai traditional attire,…
- Cannabis
Greening the Thai cannabis industry: Environmental effects
The legal landscape surrounding cannabis in Thailand has undergone significant transformations, opening new avenues for its cultivation and consumption. As you navigate through the complexities of these changes, understanding the specifics of how cannabis will be grown and the legalities involved is crucial. This section explores the agricultural practices and legal frameworks shaping the future of cannabis in Thailand. How…
- Business News
Nex point projects commercial EV sales to hit 5,556 by 2024
Nex Point, a SET-listed local assembler of commercial electric vehicles (EVs), is forecasting sales to hit 5,556 units by the end of 2024. This projection stems from an increased demand from businesses operating in the transport and logistics industries. A rise in such interest is tied to these sectors’ growing commitment to lower carbon emissions. Between January and September of…
- Health
Your guide to meditation retreats in Thailand
Thailand’s serene landscapes and rich cultural tapestry make it a sanctuary for those in pursuit of tranquility and self-discovery. Meditation retreats in this enchanting country offer more than just a break from daily life; they’re gateways to inner peace and personal transformation. Immersing oneself in the ancient Buddhist practices of mindfulness, or exploring modern integrations of yoga and meditation, visitors…
- Business News
Thai ministry propels rice trade growth with G2G agreements
The Ministry of Commerce in Thailand is set to discuss the potential sale of a massive 1 million tonnes of rice to Indonesia tomorrow, under a government-to-government (G2G) agreement. This comes with a commitment to further engage in similar discussions about rice sales with China. Commerce Minister Phumtham Wechayachai revealed that the head of the Foreign Trade Department has been…
- Thailand News
Thai energy regulatory commission sets firm power tariff cap
The Thai Energy Regulatory Commission (ERC) established a firm power tariff cap of 4.18 baht (US$ 0.12) per unit from January to April this year. This move comes despite the ongoing increase in gas prices. The rate for consumers using minimal power is fixed at 3.99 baht, as stated by the government. Rudklao Intawong Suwankiri, the Deputy Government Spokesperson, revealed…
- Things To Do
Pamper your body and soul in these 5 best spas in Chiang Mai
From the moment you arrive in Chiang Mai, Thailand, you can feel the sense of wellbeing and relaxation that has earned it its reputation as a wellness capital. But this city does not just bring about feelings of peace and contentment; it’s also home to some of the best spas in South East Asia. No matter how you like to…
