Thailand to extend cap on diesel prices to help consumers
BANGKOK, Oct 20 (Reuters) – Thailand will extend its diesel price cap of 30 baht ($0.8987) per litre beyond this month, its deputy prime minister said on Wednesday, as global oil prices put a strain on consumers and an economy struggling from the pandemic.
Thailand won’t cut diesel excise tax to reduce retail prices
The government said the state Oil Fund still has efficient funding to subsidize diesel’s retail prices until March 31 and there is no need to cut the diesel’s excise tax yet. Minister of Energy SupattanapongPunmeechaow said the government has not yet considered additional borrowing for the state Oil Fund because it has enough funding to cap the diesel price […]
Thailand’s crude imports jump in Oct as refiners replenish light-end product stocks
Hanoi — Thailand imported 792,600 b/d of crude and condensate in October, a 50.8% jump from a year earlier, with demand for light sweet crude from the US and Nigeria picking up sharply after the restart of the country’s 215,000 b/d Rayong refinery.
Thailand’s diesel price expected to spike starting May 1
Even though Thailand’s energy minister vowed last month to keep the 30 baht per litre cap on diesel prices until the end of May, officials now expect the diesel price to start pushing 35-36 baht per litre by the start of May. The director of the Energy Policy and Planning Office says all agencies have been instructed […]
Thailand’s low carbon goal to hinge on gas-based generation and renewables expansion, says GlobalData
Thailand’s power sector is heavily dependent on fossil fuels with 81% share in the generation mix, meeting the country’s growing power demand. With countries across the world setting timelines for completely shoving coal out of the generation mix, Thailand’s latest Power Development Plan (PDP) has set the expansion plan of gas-based power generation and renewables […]
Thailand’s PTTEP to outperform
Analysts at Macquarie bank believe Thai upstream player PTT Exploration & Production (PTTEP) is set to outperform as it is bolstered by strong crude prices and the mitigation of risk that output will disappoint at Erawan.
Thais turn to EVs at motor show as petrol prices soar
BANGKOK, March 30 (Reuters) – Thousands attended the Bangkok International Motor Show this week where electric vehicles (EVs) were in the spotlight due to rising petrol prices and a government subsidy taking 15% off the price of some EV cars.
Thais urged to use public transport to cut down on expenses as fuel price not dropping
Deputy Finance Minister Santi Promphat said the rising cost of fuel is still a short-term problem, and it is too early for the ministry to consider cutting the excise tax for benzyl fuel.
The Australia-Asian PowerLink: Encouraging Investments in ASEAN Renewable Energy
The Australia-Asia PowerLink will deliver power generated from the world’s biggest solar farm in Australia to Singapore through overhead and undersea cables. The project, estimated to cost A$30 billion (US$22.4 billion), involves the development of a solar plant covering over 12,000 hectares in the town of Tennant Creek, approximately 990km from the town of Darwin. The harnessed […]
The complexities of Thailand’s energy landscape
Thailand’s Power Development Plan (PDP) is the nation’s roadmap for power generation, distribution and consumption. The PDP was updated in 2018 – with final approvals of the updates given in 2019. Feeding into and supporting the PDP are subsidiary plans such as the Energy Efficiency Development Plan (EEDP), Smart Grid Plan (SGP), Alternative Energy Development Plan […]