diesel
- Thailand News
Thailand to modernise railway with 184 new diesel railcars by 2030
The State Railway of Thailand (SRT) plans to replace its ageing fleet by procuring 184 air-conditioned diesel railcars, along with spare parts, at a cost of 24.1 billion baht. These new railcars aim to modernise the current fleet, which has been in service for three decades. SRT chief Veeris Ammarapala stated that the new railcars will replace 10 existing long-distance…
- Business News
Thailand shifts gears to keep diesel costs cruising under control
In a bold move to soothe the sting at the forecourts, the Oil Fuel Fund Office (OFFO) unveiled its plan to keep Thailand’s diesel prices under a breezy 33 baht per litre, even though the current subsidy scheme is revving to a halt. This decision steers from an unexpected upturn in OFFO’s finances, courtesy of plummeting global oil prices. Fiscal…
- Crime News
Rayong councillor arrested for siphoning diesel from fishing boats
Police in Rayong, Thailand, arrested a prominent municipal councillor and his workers for allegedly siphoning diesel fuel from fishing boats at a local port. The councillor denied all charges and requested bail to fight the case. Special operations units in Rayong, in collaboration with local police, took action following complaints about illegal fuel sales to fishing boats. The incident happened…
- Thailand News
Truckers in northeast Thailand call for diesel price cuts
Truckers in northeast Thailand are urging the government to either lower diesel prices or increase cargo transport fees to offset rising energy costs, ensuring their trucks remain operational. Wichai Sawangkhachon, President of the Northern Transport Association (NTA), reported that nearly half of the over 10,000 trucks owned by approximately 700 cargo transport businesses under the NTA are currently out of…
- 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…
- Thailand News
Thailand truckers protest rising diesel prices, demand 30 baht cap
A convoy of trucks will hit the roads next week as truckers in northeast Thailand protest against rising diesel prices which are massively cutting into their profits, demanding the government cap the price at 30 baht per litre. Chairman of the Land Transport Federation of Thailand in the northeast and transport company owner, Somkid Kingkrodklang, highlighted the severe impact of…
- 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…
- 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
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…
- 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
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…
- 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…
- 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
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
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…
- 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…
