fuel prices

  • 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

    Governor warns of fuel station scams this Songkran

    To safeguard consumers against potential exploitation during the upcoming Songkran festivities, Prachuap Khiri Khan’s provincial authorities have unleashed a new campaign. Led by Deputy Governor Komkrit Charoenpatanasombat, the crackdown aims to ensure fair pricing at fuel stations across the province. Accompanied by a team of officials including Siriwan Kanasorn, Nopadol Suwongpradit, and Chanthip Niamprad, inspections were conducted yesterday, to prevent…

  • Thailand News

    Fueling frustration: Thailand Energy Minister alarmed as petrol prices play a seesaw despite promised relief

    Peeraphan Salirathaviphak, Thailand’s Minister of Energy, raised concerns about the constant fluctuations in petrol prices, which have seen a continuous rise over the past two days, despite a recent government announcement of a 2 baht per litre reduction. In a statement made at the Government House at 1pm this afternoon, Peeraphan argued that petrol prices should not fluctuate like stocks…

  • Business News

    The Energy Ministry crackdown on petrol retailers stockpiling fuel after price cut

    The Energy Ministry has pledged to take stringent action against oil retailers found to be illegitimately stockpiling fuel. This decision comes in response to complaints about a sudden shortage of oil at petrol stations, following the government’s decision to lower the prices of gasohol 91 and gasohol 95. On the morning of November 7, petrol stations across the nation began…

  • Business News

    Cabinet’s gasohol price cut draws scrutiny despite public approval

    The recent resolution by the Cabinet to trim the prices of gasohol 91 and 95 by a single baht per litre has prompted queries from energy experts and firms, despite the public’s eager acceptance of this cost-of-living alteration. This determination was reached following Bangchak Corporation, a crucial oil retailer, increasing the prices of the majority of gasohol types, an amalgamation…

  • Business News

    Thai Cabinet fuels up for savings: Gasohol 91 prices set to drop

    The Thai Cabinet today gave initial approval for a 2.5 baht per litre reduction in the price of gasohol 91 for three months, likely to start from October 31, as stated by the Thailand Energy Minister. Thailand Energy Minister Pirapan Salirathavibhaga confirmed that this price cut would be facilitated by a 2.5 baht per litre reduction in excise tax, a method…

  • 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…

  • Thailand News

    Diesel dreams: Government plans 2-baht tax cut to fuel price drop below 30 baht per litre

    The Excise Department is preparing a proposal to reduce diesel tax by 2 baht per litre and aiming to lower the retail price of diesel to less than 30 baht per litre according to the newly formed government. The proposal is in the pipeline following Prime Minister Srettha Thavisin’s announcement to slash the retail price of diesel to 30 baht…

  • Technology News

    Why your flights are getting more expensive, not cheaper

    There’s a short-term situation and a longer-term evolution that will make your flights more expensive than they were in the past. If we briefly look back at the past 65 years of world aviation, there has been a slow, incremental decrease in passenger seat prices on flights. That was until the start of 2020. For the modern era (despite the…

  • Economy News

    Thai PM suggest people only drive for “essential journeys”

    Amidst the global surge in fuel prices impacting Thailand, a spokesman for PM Prayut Chan-o-cha is giving drivers some advice. The spokesman, Thanakorn Wangbunkhongchana, said yesterday that Prayut wants to keep prices as low as possible to help people avoid economic hardship. He said Prayut suggests people only use their private vehicles for “essential journeys” since the price of petrol…

  • Business News

    Thai airlines say recovery being held up by high fuel prices

    The head of commercial operations at Thai Lion Air says high oil prices continue to hinder recovery in the aviation sector. Nuntaporn Komonsittivate says that, while tourism is slowly improving since the easing of entry restrictions, airlines are still struggling. “The airline business has grappled with the pandemic for more than 2 years. Oil prices account for 30% of operational…

  • Thailand video news

    Thailand News Update | Trucker protests return & Thailand Pass to End?

    The cancellation of Thailand Pass registration could take place as early as June 1, according to the Tourism and Sports Ministry. With Thailand Pass gone tourists would go back to using their TM6 immigration arrival forms for vaccine declaration. Earlier projected dates of July 1 to drop the much-debated Thailand Pass could happen a month earlier if the CCSA accept…

  • Economy News

    Thailand’s power will be more expensive in May

    From May until August, Thailand’s electricity price will rise to four baht per kilowatt hour, going up by 0.23-1.3 baht per unit. The country’s Energy Regulatory Commission is raising fuel tariffs following Russia’s invasion of the Ukraine. An ERC spokesman said another reason for the price surge is the declining supply of natural gas from the Gulf of Thailand. Russia’s…

  • Economy News

    Thailand’s price cap on diesel will last through May

    In the midst of skyrocketing fuel prices around the world, Thailand’s diesel price cap at 30 baht per litre will last until the end of May. After that, a loan of 40 billion baht that supports the subsidy allowing the cap is expected to run out. Thailand’s deputy prime minister, who is also the energy minister, said the country must…

  • Economy News

    Federation of Thai Industries wants gov to scrap Test & Go, stop fuel price crisis

    The Federation of Thai Industries has called on Thailand’s government to scrap the Test & Go scheme, and stop the ongoing fuel price crisis. On Thursday, the president of the federation suggested easing Test & Go to support tourism and a recovery for the Thai economy. The FTI suggested that Thailand only require fully vaccinated travellers to show proof of…

  • Thailand video news

    Thailand News Today | Travel rules to ease in Thailand? Prisoners drinking hand sanitiser

    A government spokesman has confirmed that Thailand will remain neutral on the Russia-Ukraine conflict. The spokesman said due to the threat by Covid-19, Thailand doesn’t want any international conflict to worsen the public health crisis. He also restated what foreign ministers have said, that all parties should exercise “maximum restraint”. He stressed that PM Prayut has supported a policy of…

  • World News

    Global oil prices hit 14-year high as Western nations consider import ban on Russian oil

    Global oil prices have risen more than 6%, surging to the highest prices since 2008 on Monday, as the US and European allies consider an import ban on Russian oil. Meanwhile, fears of a global oil supply shortage are being further compounded by the delay of Iranian crude’s potential return to global markets, as the Kremlin demands a guarantee that…

  • Property

    Thailand real estate prices expected to rise in 2022

    Since the first quarter of 2020, the home price index has been declining while new home prices have increased. Several pandemic-related factors are to blame, including an increase in the costs of fuel and construction materials, along with higher inflation and a labour shortage. The compounding of these pressures mean real estate prices in Thailand are ready to rise in…

  • 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…

  • World News

    Burmese coup causes food prices to rise, income fall

    As clashes between the military who took over the country in a coup Feb 1 and protestors in cities and insurgents in the countryside rage on, prices on necessities like food spike and many are going hungry in Myanmar. People who could once afford healthy, balanced meals of pork and vegetables and rice are now scraping by simple cheap foods…