Fuel consumption set to rise by 9.2%
Demand expected to reach 2,034KBOED
Thai energy consumption is expected to rise by 9.2% this year, based on an economic growth estimate of 2.5-3.5%, driven by an uptick in economic activities as pandemic restrictions ease, says the Energy Policy and Planning Office (Eppo).
The amount of energy demand should stand at 2,034 kilo-barrels of oil equivalent per day (KBOED).
The projection is based on an average Dubai crude oil price of US$95-105 per barrel this year and a foreign exchange rate of 33.3-34.3 baht per US dollar.
In the first quarter of this year, energy consumption stood at 1,560 KBOED because many lockdown measures were still in place, though the figure still exceeded the 1,516 KBOED recorded in the first quarter of 2019, before the pandemic hit Thailand.
Eppo…
