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Energy Policy Board to discuss contingency plan to cope with global oil situation

13 Sept 11:56 Key points summarised by AI

Thailand's Energy Policy Board convenes to address the cost-of-living impact from surging global oil prices, triggered by drone attacks on Saudi Arabian oil facilities.
The Energy Minister announced a potential one-baht per litre domestic oil price hike, confirming the 40-billion-baht Oil Fund is ready to cushion the financial blow.
Thailand maintains a 54-day crude oil reserve and can diversify imports, ensuring supply stability despite potential reductions from Saudi Arabia.

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.