The Thai government has affirmed that the country maintains sufficient oil reserves to meet demand for up to 103 days. At the same time, it is advancing regulatory measures to enhance transparency in the market. Oil traders are requires to follow orders under sections 7 and 10 of the Fuel Trade Act to clearly display retail prices and submit daily reports to the Department of Energy Business by 6:00 PM, enabling close monitoring of the situation.

In terms of production capacity, Thailand currently operates five refineries producing approximately 35.28 million liters of gasoline per day, closely matching daily consumption of 34.41 million liters. For diesel, six refineries produce around 79.91 million liters per day, which adequately meets domestic demand averaging 67–70 million liters daily.

Meanwhile, authorities have intensified oversight of the oil market, including inspections of operators suspected of opportunistic price increases. Key oil storage facilities have also been examined, with no evidence of stockpiling detected.

Additionally, the Department of Energy Business has collaborated with the private sector to launch the “Pump Radar” application, allowing the public to monitor fuel availability in real

time. This is supported by coordinated efforts among relevant agencies to ease certain logistical constraints and accelerate nationwide fuel distribution.

Overall, the government emphasized that national oil reserves covering commercial stocks, legally mandated reserves, and contracted future supplies remain at adequate levels. It reaffirmed its commitment to maintaining price stability and effectively managing supply to minimize the impact on the public.

Source and Photo Credit: NBT World