A refinery owned by Thai Oil
New regulations pose risks for Thai refiners
Attempts to control domestic fuel prices could threaten supply
A new energy law proposed by Thailand to overhaul how the country prices diesel and gasoline at the pump could allow the Association of Southeast Nations’ (ASEAN’s) biggest oil refiner to stabilise domestic fuel costs that have been buffeted by the Russia-Ukraine war. But the move may also potentially introduce more state intervention in the downstream sector while weakening fuel supply. Among the articles in the law under consideration by Thai Energy Minister and Deputy Prime Minister Pirapan Salirathavibhaga are changes to fuel oil trade regulations that would revamp the country’s approach to pricing and distribution of fuel. Diesel is the main fuel used in transport, logistics, agricultur
Also in this section
24 April 2026
The European Commission’s response to the Middle East crisis is to double down on its transition strategy, with plans for a new target on electrification
24 April 2026
A major new discovery by Eni and BP that can likely be fast-tracked to production is welcome news for Egypt as it scrambles to plug a widening supply gap and deal with rising import risks
24 April 2026
Countries in the region are turning to the cleaner-burning fuel for power generation, driving demand for imports
24 April 2026
The US has used booming shale production to massively expand its LNG infrastructure, but Canadian developments have not fare so well while in South America consumption outstrips production
