31.4 C
Bangkok
Friday, May 3, 2024

Demand for major fuels on the increase

Fuel consumption in Thailand is on the rise again after a decline last year caused by the pandemic.

Demand for fuel increased by 13.9% to 153 million litres per day in the first two months of 2022, according to the Department of Energy Business.

The uptick was attributed mainly to the easing of lockdown measures, which led to an increase in travelling and economic activities, said department chief Nantika Thangsuphanich.

The use of leading fuels increased, except for kerosene because of a shift towards cleaner fuels.

The state’s attempts to cap the prices of diesel, compressed natural gas and liquefied petroleum gas (LPG) reduced the impact of higher energy prices on demand.

Diesel, accounting for the largest quantity of fuel consumed, grew by 18.1% to 77 million litres per day on average, up from 65.1 million litres per day.

The authorities subsidise its price by…

Read more…

Latest Articles