Thailand's Cabinet approved a 3-year energy crisis management plan (2569–2572) and new oil fund framework to handle three scenarios: price spikes above 30 baht/litre, volatility exceeding 10 USD/barrel within a week (raised from 5), and fuel shortages. The oil fund faces a liquidity crisis with a ~95-billion-baht deficit growing by 700 million daily, expected to hit 100 billion by late September/early October. The Treasury is considering a royal decree-backed 100+ billion-baht loan guaranteed by state banks (Krung Thai, Kasikornbank) to shore up the fund. Officials warn consumers to prepare for 2 more years of high prices as the Middle East recovers. Meanwhile, the government has drawn on refineries 7 times (28 billion baht) and is exploring increased domestic biofuel blending to reduce crude oil dependency.
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