Wednesday, September 30, 2020

Amended Oil Plan aims to replace 50 per cent of petrol with E20 next year

Aug 03. 2020
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By The Nation

The amended draft of the 2018 Oil Plan is ready, Department of Energy Business director-general Nantika Thangsuphanich said.

The draft of the oil management plan, covering the period from 2018-2037, will be submitted to the Energy Policy Administration Committee after the new energy minister is appointed.

The committee is chaired by energy minister.

The plan requires statutory oil reserves to meet the needs for at least 50 days to ensure energy security.

It promotes the use of E20 gasohol for at least 50 per cent of total petrol demand next year when gasohol 91 will be phased out.

It will phase out E85 gasohol in 2022, gasohol 95 in 2027, and Diesel B7 in 2032. All fuel will be upgraded to meet Euro 5 standards from January 1, 2024 nationwide.

The plan requires acceleration of construction in phase 2 of the northern oil transmission pipe (Kampangpet-Lampang) this year and that of the northeastern next year.

The plan predicts the demand for petrol in 2037 in the transport sector at 39.83 million litres daily, up from 32.30 million litres daily last year.

The demand for diesel in the same year is 90.56 million litres daily, up from 67.41 million litres daily last year.

She added that the demand for cooking gas after Covid-19 pandemic outbreak has declined, as people have switched to electric stoves.

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