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Energy panel eyes further Bt2/litre cut in fuel prices this week

13 Sept 15:38 Key points summarised by AI

The Energy Policy and Planning Committee will meet oil refiners to discuss a further Bt2/litre cut in ex-refinery fuel prices, anticipated to take effect this Friday.
This reduction aims to correct abnormal global oil market conditions, where the Singapore price reference for refined products has led to unusually high ex-refinery prices in Thailand.
Energy Minister Akanat Promphan emphasizes that the price adjustment will ensure fair and realistic pricing, preventing excessive profits for refiners without causing losses, and suggests potential for even deeper cuts in the future.

Yesterday 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.