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Energy Ministry develops contingency plan in case Israeli-Hamas war intensifies

11 Sept 22:48 Key points summarised by AI

Thailand's Energy Ministry is developing a contingency plan to manage potential global oil price increases due to the escalating Israeli-Hamas conflict.
Officials anticipate short-term crude oil price hikes, possibly reaching $91-$98/barrel, influenced by the war, upcoming winter demand, and Saudi production cuts.
A major concern is the exchange rate, as a weakening Thai baht directly translates to higher domestic fuel prices.
The contingency plan involves utilizing existing oil and LPG reserves and maintaining price caps for diesel and cooking gas until December, supported by the Oil Fuel Fund despite its deficit.

Yesterday 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.