BANGKOK, April 17 — Thailand has sufficient oil supply for 109 days amid volatility in global energy markets fuelled by geopolitical tensions in West Asia, said the Energy Ministry.
The country’s reserves comprise 25 days of statutory stock, 24 days of commercial reserves, 38 days of oil in transit, and 22 days of confirmed supply.
In a statement today, it said that the global energy situation remains highly uncertain amid geopolitical developments, including expectations of a further round of talks between the United States and Iran.
The ministry added that oil prices rose yesterday amid supply concerns but eased slightly today following news of a temporary ceasefire between Israel and Lebanon and renewed hopes for further talks.
Despite the fluctuations, it warned that the risk of fuel shortages persists, as any peace agreement may not immediately resolve supply constraints.
Meanwhile, the Oil Fuel Fund is estimated to be in deficit by ฿61.7 billion baht (RM7.6 billion) as of April 17, with daily diesel subsidies amounting to approximately ฿185.76 million (RM22.88 million).
