Energy minister sees slim chance of Thailand’s oil prices falling

13 Sept 06:48 Key points summarised by AI

Thai oil prices are unlikely to fall despite global declines, as the government's Oil Fuel Fund faces substantial debt (projected 100-200 billion baht) from ongoing fuel subsidies.
Thailand currently boasts some of the lowest diesel and petrol prices in ASEAN, primarily due to these subsidies, with only oil-exporting Malaysia and Brunei offering lower rates.
A former finance minister suggested capping the gross refining margin (GRM) at two baht per litre to reduce retail prices and ease the financial strain on the Oil Fuel Fund.
The Energy Ministry spokesperson countered that GRM calculations are complex and that current margins charged by oil refineries remain within government-established limits.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.