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Home » News » International
International

Thai Government Ensures 103 Days of Oil Reserves, Enhances Market Transparency

Indian Community Editorial TeamBy Indian Community Editorial TeamMarch 23, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
Thai Government Ensures 103 Days of Oil Reserves, Enhances Market Transparency
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The Thai government has confirmed that the country possesses enough oil reserves to last for up to 103 days. Sarawut Kaewtatip, the director-general of the Department of Energy Business, stated that Thailand’s oil reserves are sufficient to meet demand, with production levels surpassing normal consumption. Thailand currently produces about 35.28 million liters of gasoline daily, matching the daily usage of 34.41 million liters.

In response to temporary distribution challenges in certain regions due to increased consumption, the government has permitted 24-hour fuel transportation nationwide to address the issue promptly. The situation is expected to normalize within one to two weeks, with investigations ongoing into irregularities in fuel transport. Authorities are conducting rigorous inspections to prevent hoarding and unwarranted price hikes, with 2,321 inspections conducted nationwide and enforcement actions taken against violations.

Moreover, the Department of Energy Business has partnered with the private sector to introduce the “Pump Radar” app, enabling real-time monitoring of fuel availability for the public. Earlier, on March 19, Thai Prime Minister Anutin Charnvirakul reassured that Thailand is not experiencing any oil shortages, with normal crude oil imports and unchanged production capacity. Anutin made these statements during a meeting at the Joint Management and Monitoring Centre for the Situation in the Middle East, amid reports of long queues for petrol across Thailand.

Anutin Charnvirakul Department of Energy Business Middle East Pump Radar Sarawut Kaewtatip Thailand Xinhua
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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