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Cabinet approves new measures to tackle fuel price volatility

Today 12:14Key points summarised by AI

Cabinet approved new 2026–2029 contingency and strategic plans for the Oil Fuel Fund, enhancing the government's ability to manage volatile global energy prices and stabilize domestic fuel costs.
The plan revises intervention criteria, identifying three situations: significant price increases (e.g., diesel/petrol exceeding 30 baht/L), sharp price fluctuations (e.g., refined oil changing over US$10/barrel/week), or fuel shortages.
It prioritizes fuels blended with domestic biofuels to reduce reliance on imported crude oil, support local agriculture, and strengthen long-term energy security.
The new strategy separates Oil Fuel Fund accounts for oil and LPG, focusing on subsidizing diesel and LPG during prolonged crises while accumulating funds when global oil prices are low to build liquidity.

Today 11:22Key points summarised by AI

Young Thai rocker Nene Royal performed 'Seven Nation Army' by The White Stripes in the America’s Got Talent (AGT) final, featuring her signature scream.
She competed against nine other finalists for the US$1 million prize, with the winner determined by public voting exclusively from US viewers.
Judges KSI, Mel B, Sofia Vergara, and Howie Mandel highly praised her unique, powerful performance and mystical stage presence, with Mel B highlighting her Golden Buzzer choice and Howie advocating for her win.
Nene, whose real name is Rattikarn Amloy, has consistently captivated audiences throughout the competition with her distinctive rock vocals and aims to become the first Thai contestant to win AGT.