Thailand sees 2.3% rise in fuel consumption amid economic growth

Photo courtesy of Bangkok Post

Thailand has witnessed a 2.3% surge in fuel consumption in the initial nine months of this year, averaging at 154 million litres daily, in harmony with the country’s economic expansion, according to the Department of Energy Business.

There was an upswing in the demand for most fuel types, except for diesel, which saw a minor decline of 4.5% to 69.2 million litres daily, a slight drop from last year’s 70 million litres. Nanthika Thangsupanich, the department head, attributed this decrease to the economic deceleration and the zenith of diesel usage the previous year.

Nanthika noted that the government’s move to lower the diesel price domestically to 29.94 baht per litre, achieved through excise tax reduction, from the previous 31.94 baht, has not brought about a significant change.

The impact of this revised diesel price,…