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Diesel price frozen for 10 days, other oil product prices may rise slightly

Diesel price frozen for 10 days, other oil product prices may rise slightly

13 Sept 23:51 Key points summarised by AI
  • Energy Minister Atthapol Rerkpiboon announced a 7-10 day freeze on diesel pump prices, with potential slight increases for other oil products.
  • Thailand possesses sufficient oil and gas reserves for up to 60 days, actively seeking diverse alternative sources from the US, Western Africa, and Malaysia.
  • Despite the Strait of Hormuz closure, oil supplies continue, and the nation plans to offset any LNG shortfalls from Qatar with increased domestic production or hydroelectric power from Laos.
  • The Energy Ministry assures the public of its ability to manage the situation, utilizing the Oil Fuel Fund to cap diesel prices and ensuring any other price increases are not substantial.
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