diesel
- 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…
- 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…
- 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
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…
- 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
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.…
- 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…
- 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…
- 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 | 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.…
- 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…
