thailandedition
Phiphat OKs Energy Crisis Measures After Diesel Price Freeze Ends

Phiphat OKs Energy Crisis Measures After Diesel Price Freeze Ends

Matichon•Economy•27d ago

Reader Briefing

Thai Deputy Prime Minister Phiphat chaired a meeting to address the energy crisis and implement new measures following the expiration of the 15-day diesel price freeze.

  • •Deputy Prime Minister and Minister of Transport Phiphat Ratchakitprakarn led a meeting of the Energy Situation Administration Center (ESC).
  • •The meeting aimed to develop strategies for managing the country's oil prices in the next phase.
  • •This action comes after a 15-day freeze on diesel prices expired.
  • •The ESC is concerned about the potential impact of Middle Eastern conflicts on global economic stability and oil transport.

Overview

  • •On March 17, at 4:10 PM, Deputy Prime Minister Phiphat Ratchakitprakarn chaired a meeting at the Government House.
  • •The meeting was called due to the ongoing uncertain situation of conflict in the Middle East, which could directly impact global economic stability.
  • •The closure of the Strait of Hormuz, a key oil transport route, is a particular concern, potentially affecting global and Thai economies if the conflict is protracted.
  • •The government has been closely monitoring the situation and implementing measures to alleviate public and business hardships, especially regarding energy.
  • •The 15-day diesel price freeze, implemented to mitigate the impact of the conflict, concluded on March 17.
  • •The meeting's purpose was to define a systematic approach to manage the country's oil prices in the next phase, considering impacts on the public, businesses, and oil operators.
  • •Deputy Prime Minister Phiphat emphasized the need for the Ministry of Foreign Affairs, Ministry of Energy, and Ministry of Commerce to participate in ESC press conferences to communicate facts and the government's measures.
  • •The government aims to ensure energy policy is stable and does not impose unnecessary burdens on the public and businesses.

Full article content is available on the original source.

Read on Matichon (Thai Version)View in Google Translate

Source: Matichon (Original)

Key Quotes

Phiphat Ratchakitprakarn
"The highly uncertain situation of conflict in the Middle East could directly impact global economic stability, especially concerning the closure of the Strait of Hormuz, a crucial oil transport point. If the situation continues, it will inevitably affect economies globally and in Thailand."
จากสถานการณ์การสู้รบในตะวันออกกลางที่ยังมีความไม่แน่นอนสูง อาจส่งผลกระทบโดยตรงต่อเสถียรภาพทางเศรษฐกิจของโลก โดยเฉพาะประเด็นการปิดช่องแคบฮอร์มุซ ซึ่งเป็นจุดยุทธศาสตร์สำคัญของการขนส่งน้ำมัน หากสถานการณ์ยังยืดเยื้อต่อไปย่อมหลีกเลี่ยงไม่ได้ที่จะส่งผลต่อเศรษฐกิจ ทั้งระดับโลกและประเทศไทย
Phiphat Ratchakitprakarn
"Since the conflict in the Middle East began, the government has closely monitored and assessed the situation, continuously setting measures to alleviate public and business hardships, particularly energy measures and price stability."
นับตั้งแต่เกิดสถานการณ์สู้รบในตะวันออกกลาง ภาครัฐได้ติดตามประเมินสถานการณ์อย่างใกล้ชิดและกำหนดมาตรการ เพื่อบรรเทาความเดือดร้อนของประชาชนรวมถึงภาคธุรกิจอย่างต่อเนื่อง โดยเฉพาะมาตรการด้านพลังงาน และรักษาเสถียรภาพราคาสินค้า

Key Entities

Person

Phiphat(พิพัฒน์)
Deputy Prime Minister and Minister of Transport, also Director of the Energy Situation Administration Center (ESC).
Supajee Suthamphan(นางศุภจี สุธรรมพันธุ์)
Minister of Commerce attending the ESC meeting.
_Attaphon Ruekhaphun_(นายอรรถพล ฤกษ์พิบูลย์)
Minister of Energy attending the ESC meeting.

Organization

ESC(ศบก.)
Energy Situation Administration Center, responsible for monitoring and managing the energy crisis.
Ministry of Foreign Affairs(กระทรวงการต่างประเทศ)ℹ️
Government ministry tasked with communicating facts and government measures.
Ministry of Energy(กระทรวงพลังงาน)ℹ️
Government ministry tasked with communicating facts and government measures.
Ministry of Commerce(กระทรวงพาณิชย์)ℹ️
Government ministry tasked with communicating facts and government measures.

Place

Phakdi Bodin Building(ตึกภักดีบดินทร์)
Location within the Government House where the ESC meeting was held.
Government House(ทำเนียบรัฐบาล)ℹ️
The official residence and office of the Prime Minister of Thailand.
Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️
A vital strategic waterway for oil transportation, mentioned as a point of concern for global economic stability.