Thai Energy Business Reports 2.6% decrease in Q1 gasoline consumption.
Department of Energy Business (DOEB) reported a 2.6% decrease in fuel use in the first quarter of this year, totaling 156.7 million litres per day. This decline
Thai Energy Business Reports 2.6% decrease in Q1 gasoline consumption.
The Department of Energy Business (DOEB) reported a 2.6% decrease in fuel use in the first quarter of this year, totaling 156.7 million litres per day. This decline is due to the expiration of the capped price policy. Sarawut Kaewtathip, Director General of DOEB, reported an increase in the daily average volume of jet fuel and liquefied petroleum gas (LPG) in the second quarter, while diesel, gasoline, gasohol, compressed natural gas (CNG), and fuel oil decreased. Boosted by the high tourism season and the visa-free policy, jet fuel consumption increased by 19.1% to 16.7 million litres per day, up from 14.03 million.
Meanwhile, LPG demand increased by 0.4% to 17.1 million kilogrammes per day, driven by the extension of the capped price at 423 baht per 15-kilogramme cylinder and an increase in petrochemical sector production.
export volume of refined oil increased by 6.2% to 156,545 barrels per day, with the value rising by 9.1% to 16.1 billion baht, reported Bangkok Post.
In related news, the finance ministry secures deals for 250 billion baht investments, Following the passing of the fiscal 2024 Budget Expenditure Act, the Finance Ministry confirmed that new financial agreements for investment projects totalling 250 billion baht have been finalised.
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