Energy Ministry monitors oil prices and promotes E20 fuel

Khaosod•Economy•8d ago

Reader Briefing

The Ministry of Energy is monitoring rising global oil prices caused by conflict between the United States and Iran while encouraging the use of E20 fuel.

•Conflict between the United States and Iran has caused global energy market volatility and price increases.
•Brent, WTI, and Dubai crude oil prices have all increased by over 7%.
•The Ministry of Energy is promoting E20 fuel as a cheaper alternative to Gasohol 91.
•Refinery price reduction measures are in effect until September 15, 2026.

Overview

•Conflict between the United States and Iran has caused global energy markets to be volatile and price trends to rise.
•Brent crude rose from 88.13 to 94.65 USD per barrel (7.4%), WTI rose from 83.38 to 90.22 USD per barrel (8.2%), and Dubai crude rose from 82.70 to 88.75 USD per barrel (7.32%).
•Measures to reduce refinery prices are implemented until September 15, 2026.
•The Oil Fuel Fund currently has a negative balance of over 80 billion baht.
•The Ministry of Energy is campaigning for the public to use E20 fuel, which is 5 baht per liter cheaper than Gasohol 91.
•Weeraphat Kiatfuengfu stated that 13 leading car brands have confirmed their vehicles can use E20 fuel.
•E20 fuel is promoted because it saves money, has an octane rating of 95 for engine efficiency, and provides stable income for Thai energy crop farmers.

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Key Quotes

Weeraphat Kiatfuengfu

"The Ministry predicts that energy prices in the global market will remain highly volatile and are likely to continue increasing during this period."

ทางกระทรวงคาดการณ์ว่าราคาพลังงานในตลาดโลกจะยังคงมีความผันผวนในระดับสูงและมีความเป็นไปได้ที่จะยังคงเพิ่มสูงขึ้นในช่วงนี้

Key Entities

Organization

Ministry of Energy(กระทรวงพลังงาน)ℹ️

The government body monitoring global oil prices and promoting E20 fuel.

Oil Fuel Fund(กองทุนน้ำมันเชื้อเพลิง)

A fund used by the government to manage the cost of living, currently with a negative balance of over 80 billion baht.

Department of Energy Business(กรมธุรกิจพลังงาน)

The agency whose website provides lists of vehicles compatible with E20 fuel.

Place

United States(สหรัฐ)ℹ️

A country involved in a new round of conflict with Iran.

Iran(อิหร่าน)ℹ️

A country involved in a new round of conflict with the United States.

Thailand(ประเทศไทย)ℹ️

The country with the capacity to produce sufficient ethanol.

Person

Weeraphat Kiatfuengfu(นายวีรพัฒน์ เกียรติเฟื่องฟู)

Deputy Permanent Secretary and spokesperson for the Ministry of Energy.