Energy Minister Orders Urgent Meeting to Cut Oil Prices

Thairath•Politics•10d ago

Reader Briefing

Thai Energy Minister Akanat Promphan is rushing to lower domestic oil prices following a directive from Prime Minister Anutin Charnvirakul, aiming to immediately reflect global crude oil cost reductions.

•Energy Minister Akanat Promphan received an order from Prime Minister Anutin Charnvirakul to reduce domestic oil prices.
•An urgent meeting of the Energy Policy Committee (ENPC) and the Fuel Fund Committee (FFC) is scheduled for this evening.
•The goal is to swiftly adjust retail oil prices to align with falling global crude oil costs, bypassing the need to wait for Singapore market prices.

Overview

•Energy Minister Akanat Promphan received an order from Prime Minister Anutin Charnvirakul.
•The order from the Prime Minister was to expedite measures to reduce domestic retail oil prices.
•Energy Minister Akanat Promphan called an urgent meeting of the Energy Policy Committee (ENPC) and the Fuel Fund Committee (FFC) for this evening.
•The meeting is scheduled for this evening, July 7, 2026.
•The meeting aims to consider ways to reduce oil prices in line with adjusted lower costs.
•The intention is to quickly adjust retail prices so that domestic prices reflect reduced costs and the public benefits rapidly.
•This action is being taken after global crude oil costs have adjusted downward.
•The ENPC and FFC will expedite consideration of retail oil price reduction measures without waiting for Singapore market price references.

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Source: Thairath (Original)

Key Quotes

Akanat Promphan

"Expedite immediate oil price reduction after global crude oil costs decrease, without waiting for Singapore prices."

เร่งลดราคาน้ำมันทันที หลังต้นทุนน้ำมันดิบโลกปรับลด ไม่รอราคาสิงคโปร์

Key Entities

Person

Akanat(เอกนัฏ)

Minister of Energy who received the Prime Minister's order to reduce oil prices.

Prime Minister(นายกฯ)

The Prime Minister who ordered the urgent reduction of domestic oil prices.

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

Prime Minister and Minister of Interior who ordered the urgent reduction of domestic oil prices.

Organization

ENPC(กบง.)

Energy Policy Committee, which will convene an urgent meeting to consider oil price reductions.

FFC(กบน.)

Fuel Fund Committee, which will convene an urgent meeting to consider oil price reductions.

Timeline

July 7, 2026(วันที่ 7 กรกฎาคม 2026)

The date the Energy Minister received the PM's order and scheduled the urgent energy committee meetings.