Wednesday, August 12, 2020

Minister reassures sufficent supply of fuels 

Jan 06. 2020
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By The Nation

Thailand has a crude reserves of 2.98 million litres with 1.14 million litres of fuels which are being transported and 1.46 million litres of refined oil, sufficient for 50-day usage, while 101 kilogrammes of LPG are available for 17 days, the Energy Minister Sontirat Sontijirawong said today (January 6).

Amid rising tensions between US and Iran, PTT has adjusted the volume of oil imports from the Middle East from 74 per cent to 50 per cent while state-owned petroleum companies will raise their total production by 25,000 barrel/day or 36,000 barrel in a critical situation by restraining the oil export, from the current level of 130,000 barrel. 

The Oil Fund with a chest of Bt37 billion has the policy to maintain oil prices and the public should have confidence in the government, Sontirat said.

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