diesel

  • Thailand News

    Thai government greenlights energy subsidies and price caps

    Subsidies on electricity bills for vulnerable groups and caps on cooking gas and diesel prices have received the green light from the Thai government. The move aimed to alleviate the burden of burgeoning energy costs on the population. Deputy government spokesperson Rudklao Intawong Suwankiri disclosed that diesel prices will now be fixed at 33 baht per litre, from April 20…

  • Business News

    Finance Ministry suggests using oil fuel fund for diesel subsidy

    The Ministry of Finance has suggested utilising the Oil Fuel Fund to maintain the subsidy on retail diesel costs, asserting that the fund has adequate resources to back the government’s diesel subsidy scheme. This advice comes from Deputy Finance Minister Krisada Chinavicharana, who iterated that the ministry is observing worldwide oil costs and the government’s revenue intake from May to…

  • 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,…

  • Thailand News

    Diesel climbs to 30.49 baht, Thai govt ponders support measures

    Diesel prices in Thailand have experienced a 50 satang per litre increase, prompting the prime minister to call for a meeting to discuss countermeasures following the retail price adjustment today. Previously, the Ministry of Energy and the Ministry of Finance had jointly managed retail pricing through a tax reduction mechanism to cap diesel prices at 30 baht per litre, a…

  • Thailand News

    Diesel drama: Choice of petrol diminished

    In a game-changing move, the Energy Business Department is racing towards Cabinet approval to discontinue the sale of B10 diesel oil, leaving only B7 and B20 options at the pumps. Department Director-General Nanthika Thangsupanich explains this electrifying decision, spurred by the Energy Policy Committee’s bid to streamline diesel oil offerings and clear the fog of confusion for the masses. As…

  • Business News

    Fuel fund forecast: Thai govt keeps diesel prices low, faces a billion-baht burnout

    The Oil Fuel Fund Office (OFFO) projected a loss of nearly 100 billion baht due to the government’s decision to maintain domestic diesel prices below 30 baht a litre until December. This forecast assumes an increase in global diesel prices during the winter, a period typically marked by heightened energy demand. In 2022, the average global diesel prices for August…

  • Thailand News

    Army investigates mysterious disappearance of 200,000 litres of diesel in Saraburi

    An ongoing probe is being conducted by the army headquarters into the mysterious disappearance of over 200,000 litres of diesel from the Ordnance Materiel Rebuild Center situated in Saraburi province last year, as disclosed by a representative of the army. Deputy spokesperson of the army, Major General Sirichan Ngathong, stated that an internal army audit team noted potential irregularities in…

  • Business News

    Energizing savings: Government’s cost-cutting shock eases financial pressure

    The Employers’ Confederation of Thai Trade and Industry (EconThai) expressed approval for the Thai government’s latest move to slash both electricity and diesel costs. This initiative is aimed at alleviating the financial pressure on households and businesses. The reduction in power tariff was confirmed yesterday, following Prime Minister Srettha Thavisin‘s policy statement announcement in parliament, reports Bangkok Post. The new…

  • Business News

    Diesel prices dip amid global economic recession fears and interest rate hikes

    On Monday, Diesel prices have fallen to around 32 baht per litre, as global crude oil prices continue to decline amidst concerns about an economic recession. The Oil Fuel Fund Office (Offo) has attributed this decrease to economic contraction, resulting from central banks’ interest rate hikes. As central banks, including the Federal Reserve and the European Central Bank (ECB), continue…

  • Economy News

    Thai cabinet extends excise diesel tax cut for 2 more months

    The Thai Cabinet is extending the country’s excise diesel tax cut for another two months after diesel prices hit Thailand hard this year. The cut of five baht per litre will be extended from September 21 to November 20. The elimination of excise tax on bio-diesel and bunker oil used to generate power will also continue from September 16 to…

  • World News

    More Laotians travelling to Thailand for business, travel, and fuel?

    More Laotians have been travelling to Thailand ever since the Nong Khai border checkpoint reopened. Before travel restrictions lifted, there were about 300 Laotians visiting Thailand per day. Now, that number has soared to about 2,000 Laotians per day, according the the head of customs control at Nong Khai Customs House, Pakin Tiabkam. Pakin said 30,000 foreigners crossed the Nong…

  • Economy News

    Thailand’s government will likely keep diesel subsidies

    After much drama and anxiety over announcements that Thailand’s diesel price could eventually jump to 40 baht per litre, PM Prayut Chan-o-cha has announced yesterday that the government will likely extend its subsidy programme that is due to end on May 20. The current subsidy has helped keep the price at about 32 baht per litre, even though the actual…

  • Economy News

    Price of Thai consumer goods might increase due to diesel price hike

    The price of diesel in Thailand is set to increase next month, beyond the 30 baht per litre cap, but the Commerce Ministry has promised to do everything it can to keep consumer goods costs under control. The public is now worried about the products being more expensive due to the increase in diesel price. The diesel prices, connected to…

  • Thailand News

    Truck drivers threaten to camp in front of Energy Ministry because of diesel price

    Angry truck drivers say they will protest and camp out in front of if Thailand’s energy ministry if the minister doesn’t lower diesel prices in seven days. The chairman of the Land Transport Federation of Thailand (LTFT) also said the federation would join protests with other groups hurt by Thailand’s rising cost of living, like farmers affected by low crop…

  • Thailand News

    PM calls for diesel price to be brought below 30 baht a litre

    The Thai PM has ordered the Ministry of Energy to accelerate measures to reduce the price of diesel. According to a Bangkok Post report, Prayut Chan-o-cha met with several of his deputies yesterday to discuss the ongoing crisis, which has led to truck drivers around the country coming out in protest. The Ministry of Energy has stated that measures will…

  • Thailand News

    Truckers and tour bus drivers plan strike over diesel prices

    Thai truckers are set to go on strike on Monday as part of a campaign to have diesel prices capped at 25 baht per litre for one year. As reported by Thai PBS World, the strike – which will coincide with Thailand’s reopening on November 1 – will span about 80,000 trucks, including some tour buses. The campaign, labelled “truck…

  • Thailand News

    Thailand News Today | Vaccine schedule for Thailand and new train hub | February 4

    While there’s no exact date on the arrival of Covid-19 vaccines, Thailand’s Public Health Ministry is assuring the public that the first order of the AstraZeneca vaccine will arrive this month, despite the E’s restrictions on Covid-19 vaccine exports at the moment. The National Vaccine Institute is working on getting the first shipment by the end pf February, according to…

  • Environment News

    New electric ferries have a test run on Bangkok’s klongs

    The Bangkok Marine Department has completed a test run of a new electric boat on Saen Saeb klong. The tests have been part of the development for a replacement of Bangkok’s deisel-powered, noisy and dirty canal and river ferries. Marine Department Director General, Wittaya Yamuang says the tests of the eco-friendly passenger boat on Saen Saeb canal was all over…

  • Environment News

    50% of Thai trucks checked in Don Mueang belching black smoke

    Last April Thai PM Prayut Chan-o-cha announced that those driving polluting vehicles would face arrest and fines, warning owners of transport businesses they’ll be held responsible for toxic emissions. Now the Department of Land Transport announced it was stepping up measures to bring emission levels from trucks and public transport vehicles within safe limits. The measures are designed to alleviate pollution…

  • Bangkok News

    Bangkok smog: Diesel buses and vehicles key problem

    by Wichit Chaitrong “The problem is the estimated 2.5 million diesel-powered trucks and buses still on city roads.” Experts are saying this morning that, given the problems in recent weeks with Bangkok’s smog, the national government’s pursuit of a “low-carbon economy” has fallen short of needs. They are recommending higher taxes on “dirty fuel” and a reduction in the number of…