diesel
- Thailand News
Thailand freezes electricity prices to save consumers
To alleviate financial pressure on its citizens, the Thai government confirmed it will maintain the current cap on electricity prices at 4.18 baht per unit and diesel prices at 33 baht per litre until the end of the year. This announcement came from Energy Minister Pirapan Salirathavibhaga following a recent Cabinet meeting. Minister Pirapan assured the public that a special…
- Business News
Cabinet caps power bills and diesel prices to aid businesses, public
The Cabinet implemented measures to cap power bills at 4.18 baht per unit until the end of the year and set a diesel price ceiling at 33 baht per litre until October 31. Energy Minister Pirapan Salirathavibhaga announced that the Cabinet approved the Energy Ministry’s proposal to maintain the electricity rate at 4.18 baht per kilowatt-hour for September through December…
- Thailand News
Thailand Cabinet caps electricity at 4.18 baht, diesel at 33 baht
The Thai Cabinet approved measures to cap electricity prices at 4.18 baht per unit until the end of the year and diesel prices at 33 baht per litre until October 31. A new energy structure law is set to be introduced today, July 23. Following a Cabinet meeting, Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga announced that the government…
- Thailand News
Biodiesel betrayal: Big fuel companies snub palm oil producers
The Thai Biodiesel Producers Association plans to lodge a formal complaint against major fuel traders under Section 7 of the Fuel Trade Act. The traders have refused to purchase B100 biodiesel from local palm oil producers. Section 7 traders, including industry giants like PTT Plc and Bangchak Corporation, are those handling over 100,000 tonnes of fuel annually. These powerhouses stand…
- South Thailand News
Missing contraband diesel vessels found near Malaysian waters
Three vessels carrying 330,000 litres of contraband diesel that vanished from a police pier in Chon Buri have been located near Malaysian waters, police confirmed. Police Major General Charoonkiat Pankaew, Deputy Commissioner of the Central Investigation Bureau, announced that the three boats disappeared from the marine police pier in Sattahip district of Chon Buri last week. After travelling through Cambodian…
- Thailand News
Diesel shock: Fuel Fund revs prices to 32.44 baht per litre
The Fuel Fund today announced an increase in the diesel price by 50 satangs per litre, raising it to 32.44 baht per litre, effective tomorrow. Despite reduced expenses, the fund still faces liquidity issues, according to the Director of the Fuel Fund Office, Wisak Wattanaphap. The Fuel Fund Management Committee convened and recognised the need to enhance the liquidity of…
- 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…
- 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
Making waves: Thai marine police chief boosts efforts against maritime crime
The newly appointed chief of the Marine Police Division has quickly made a name for himself and the often-understated unit, highlighting its significant role in curbing criminal activities and maritime threats in Thai waters. Since taking office in October last year, Police Major General Phruttiphong Nuchanart has been at the helm of operations that led to the seizure of over…
- 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…
- 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
Thai government weighs extending diesel excise tax cut beyond July
The Thai government is considering extending the excise tax cut on diesel, which is set to expire on July 20. Prime Minister Prayut Chan-o-cha directed the Finance Ministry and other relevant agencies to evaluate the feasibility of prolonging the tax reduction. Energy Minister Supattanapong Punmeechaow revealed that the Finance Ministry has been tasked with determining the appropriateness of an extension.…
- 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…
- 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…
- Thailand video news
Thailand News Update | Major drug bust in Thailand’s north
Thailand’s Federation of Thai Industries has expressed concern about the impact a rise in the minimum wage could have on small and medium-sized businesses. The federation says if a proposal to increase the minimum wage to 492 baht goes ahead, it will have a severe impact on such firms. The FTI was responding to a letter submitted to the government…
- 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
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 | Violence in soap operas and SPM Shopping Mall scam update | February 10
The governor of the eastern province of Rayong has given the go-ahead for bars and other entertainment venues to re-open after they were closed at the start of January to prevent the spread of Covid-19. The province has now gone 9 days without any new Covid-19 infections. On February 1 Rayong’s Covid zone status was changed from red to orange.…
- 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…
- 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…
