fuel
- Thailand News
Fire at Phichit biomass plant burns 1,000 tonnes of fuel
A fire broke out at a biomass power plant in Taphan Hin district, Phichit province, engulfing over 1,000 tonnes of compressed fuel. Emergency services, including 15 fire trucks, responded to the incident. The cause of the fire remains unknown, and no injuries have been reported. The facility, operated by Thip Phichit Hybrid Energy Company, started operations on December 24, 2022.…
- Thailand News
Fuel for thought: Thailand sees shift in consumer petrol gears
Thailand’s engines are revving as fuel consumption takes a notable 2% leap, in line with the country’s economic growth, which is pegged at a healthy 2.6% to 2.7% for 2024. The Department of Energy Business reveals that from January to November, Thais guzzled an average of 155 million litres of fuel daily. Turning heads in the petrol station queue is…
- Thailand News
Fuel fraud: Pump attendant fired for pressing the wrong buttons
A petrol station attendant was caught red-handed cheating a customer by not dispensing the full amount of fuel paid for. The customer, who had requested 200 baht worth of fuel, noticed that only 100 baht was dispensed. Despite attempts by the attendant to rectify the situation by adding more fuel, the customer confronted them before any further action could be…
- Thailand News
Thailand introduces new inspection system for fuel measurement
Thailand’s Ministry of Commerce has initiated a new registration system for private entities to become certified inspection units, aiming to enhance the reliability of fuel measurement at service stations. The Department of Internal Trade (DIT) announced the criteria for this registration process. Starting July 26, they have been promoting this initiative and welcoming applications since August. This move is part…
- Thailand News
Jet fuel boom: Thailand’s aviation set for sky-high growth
Thailand’s aviation sector is ready to soar, fuelled by a surge in air travel and jet fuel demand, according to Bangkok Aviation Fuel Services Plc (BAFS). The refuelling giant, which serves Suvarnabhumi and Don Mueang airports, is seeing a bright future as the aviation industry bounces back from the pandemic slump. BAFS President ML Nathasit Diskul revealed the company’s expected…
- Thailand News
Trucks run out of fuel, causing major traffic on Rama IX overpass
Three trucks ran out of fuel, causing significant traffic congestion on the Rama IX overpass during peak evening hours. This incident, which occurred yesterday, sparked a flurry of criticism on social media. Reports from FM91Trafficpro stated that at 4.15pm yesterday, August 2, three trucks were found parked end-to-end on the Rama IX overpass heading towards Din Daeng. Initially, there was…
- Business News
Thailand considers petroleum reserve amid oil price volatility
Thailand is considering various strategies to mitigate the impact of global crude oil price fluctuations, beyond merely subsidising domestic oil prices through the dwindling Oil Fuel Fund. One proposed solution is the development of a strategic petroleum reserve (SPR) to enhance national oil security and safeguard against potential supply disruptions caused by geopolitical conflicts. Energy Minister Pirapan Salirathavibhaga suggested the…
- Business News
Budget airlines push jet fuel tax cut to reduce airfare prices
Budget airlines have issued an appeal to the Finance Ministry to reduce the excise tax on jet fuel, to help mitigate their operational costs with the fragile state of the industry. Following a meeting with representatives from low-cost airlines, Deputy Finance Minister Julapun Amornvivat reported that the carriers discussed economic challenges and reiterated their commitment to supporting government measures aimed…
- Business News
Thai Oil predicts surge in jet fuel demand despite slow economy
Despite forecasted sluggish economic growth, Thai Oil Plc, Thailand’s leading oil refinery in terms of capacity, envisages an upturn in demand for refined oil, particularly jet fuel, in the current year. Jet fuel consumption is predicted to surge by 24.2%, equating to an average of 16.8 million litres per day (MLD). This represents a considerable increase from the previous year’s…
- Business News
Southeast Asian nations ramp up efforts to boost upstream oil industry
Southeast Asian nations are intensifying their efforts to boost the upstream oil industry, with Malaysia, Indonesia, Vietnam, and Thailand vying for investment from both domestic and international entities, as revealed by a study from BMI, a Fitch Solutions company. In 2022, Malaysia received foreign investment of 287 million ringgit (US$61.7 billion), equivalent to 47% of the nation’s overall investment, in…
- Thailand News
Thailand’s energy ministry to revise fuel regulations for consumer protection
In a move to safeguard consumer rights, Thailand’s Energy Ministry is set to revise regulations to guarantee that customers receive the exact volume of fuel they purchase. The decision came in response to a social media uproar over a motorist’s complaint that a petrol station failed to dispense the correct volume of fuel he had purchased. The motorist, Ritdech Daengpradit,…
- Thailand News
Fuel shortage causes chaos in Yangon: Is Myanmar’s economy running on empty?
As Myanmar‘s metropolis Yangon grapples with a fuel shortage, the city saw chaos with motorists queuing at dawn, hoping to secure petrol. The fuel crisis has been exacerbated by economic turmoil and geopolitical tensions. Yangon’s fuel shortage, as reported by the state-run Global New Light of Myanmar newspaper, kicked off on Tuesday. The cryptic explanation attributed the crisis to delays in…
- Business News
Thailand’s fuel consumption rises despite diesel usage drop, reveals report
The Department of Energy Business in Thailand has revealed a 2.3% rise in the country’s fuel consumption to 155 million litres per day (MLD) in the first eight months of the year. This comes despite a decrease in diesel usage by 3.9% to 70 MLD, attributed to escalating prices. A shift in domestic diesel consumption is anticipated in October, following…
- Business News
PTT Plc amplifies renewable energy drive with hydrogen fuel advancement
National energy titan PTT Plc is bolstering initiatives to harness additional renewable power sources and progress its hydrogen fuel enterprise, as part of a strategy for sustainable company growth. Cherdchai Boonchoochauy, Senior Executive Vice President for Innovation and New Ventures, specified that PTT’s existing blueprint is to create 12 gigawatts of renewable electricity and restrict power generated from non-renewable fuels…
- Business News
Chevron Thailand’s gas game-changer: Boosting domestic supply and breaking free from costly imports
Chevron Thailand Exploration and Production aims to boost domestic gas supply to reduce the Thai government’s reliance on costly liquefied natural gas (LNG) imports, with plans to increase petroleum production in the Gulf of Thailand. The US-based company was granted a licence to explore and produce petroleum at Block G2/65, an area of 15,030 square kilometres in the gulf, under…
- Thailand News
Customs Chief orders probe into high-ranking official clearing illegal fuel truck
The Director of Thailand’s Excise Department ordered an urgent investigation into allegations of a high-ranking official calling to clear an illegal fuel transport operation. If found guilty, the official will be suspended or dismissed from service immediately. The operation led by a provincial excise officer resulted in the arrest of a 47 year old man accused of illegally possessing untaxed…
- Economy News
PTT top revenue-earning company in Thailand in 2021
In news that is likely not surprising but probably very frustrating, amid soaring fuel prices, petrol company PTT has topped the list as the highest revenue corporation in Thailand for 2021. The national oil and gas conglomerate breakdancing 1 trillion baht over the last year no doubt thanks in part to huge inflation in the price of oil that has…
- Bangkok News
To cushion price hikes, Bangkok PT stations will serve 25 baht curry
Price hikes are no fun for anyone, but in the Bangkok area, some groups are trying to cushion the blow of the world’s economic crisis. The Thai Restaurant Association announced today that it will launch a project tomorrow (Monday) to serve curry for 25 baht at PT filling stations across Bangkok and the surrounding area. TRA president Thaniwan Kulmongkol said…
- 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
PM Prayut and Ministry of Energy’s guide to saving fuel and energy this summer
PM Prayut Chan-o-cha is inviting those in Thailand to join forces and save energy to combat the global energy crisis together. He suggests setting your air conditioner at 27 degrees Celsius and using a fan in tandem to save energy. Prayut and the Ministry of Energy have some tips on how to keep your fuel costs and energy bills from…
- 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.…
- Business News
Thai cabinet approves extension of jet fuel levy holiday
Whilst the current cheapest domestic air fares have been around the same prices they were before local airlines were grounded, there is a possibility of some more drops in your seat prices. Thailand’s budget carriers could be offering lower seat prices after the cabinet yesterday approved an extension of the jet fuel tax holiday. Thailand’s low-cost carriers have been slowly…
- Northern Thailand News
Fuel tanker explodes after collision in Buri Ram
A fuel tanker has exploded after a collision with a trailer truck, causing both vehicles to be engulfed in flames in a series of explosions. Fuel from the 40,000-litre tank spilled out onto the road, spreading about 1 kilometre to nearby homes and into the sewers. People trying to douse the spreading flames found they were just pushing the flaming…
- South Thailand News
Commerce Ministry talks up benefits of palm oil for generating power
While the Thai government is promoting the use of palm oil to produce power, the latest price of the oil remains lower than the cost of producing it because the volume of output was 30% more than the expected quantity. The Ministry of Agriculture and Cooperatives will survey the real quantity of palm oil to be released onto the market…
