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Energy panel cuts ex-refinery oil prices by Bt5/l from tomorrow

14 Sept 01:20 Key points summarised by AI

The National Energy Policy Committee (NEPC) approved a 5-baht per litre cut in ex-refinery oil prices, effective tomorrow until May 9, with a subsequent 3-baht reduction planned.
This price cut does not automatically translate to lower pump prices; it may instead be utilized to reduce the Oil Fuel Fund's substantial 60 billion baht debt.
The decision stems from high Gross Refining Margins (GRM) and an estimated 10 billion baht windfall gained by six oil refiners.
The Energy Ministry aims to ensure future pump price increases are gradual, not sudden, and plans to secure a 20 billion baht loan to bolster the Oil Fuel Fund's financial stability.

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.