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Sunday, May 5, 2024

Authorities to drive ahead with oil plan

Motorcycles and cars queue at a PTT petrol station in Bangkok. Fuel consumption in Thailand rose by 3.1% during the first four months of 2023, attributed to the domestic economic recovery. Chanat Katanyu

Energy authorities are continuing their push for the National Oil Plan, aiming to generate 170 billion baht for the Thai economy through a range of projects, including further development of cleaner energy, says the Department of Energy Business.

The plan has a budget of 34.9 billion baht and must pass a public hearing and approval by the cabinet, which is scheduled to be established in early August if the process goes smoothly.

After approval, authorities have until 2026 to carry out projects under the plan, which will focus…

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