Motorists refuel their vehicles at a PTT petrol station on Nawamin Road in Bangkok. Petrol prices may increase by 6 baht if global oil prices hit $120 per barrel, according to a recent forecast. Varuth Hirunyatheb
The global oil price surge to US$100 a barrel as a result of the Ukraine invasion has the Energy Ministry concerned, prompting it to ensure sufficient oil and gas supply for Thailand.
Brent crude oil hit $102.48 a barrel, the highest since 2014, as Russia attacked Ukraine.
Some media reports speculate the confrontation will affect global petroleum supplies.
Thailand has not yet seen any impact on oil and liquefied natural gas (LNG) imports because the country mostly buys crude…
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