Fuel consumption decreases 0.4%A motorist refuels at a Bangchak petrol station. (Photo: Apichit Jinakul)Thailand's total fuel consumption dipped by 0.4% year-on-year to 157.1 million litres per day (MLD) between January and May, attributed to higher energy prices and the country's economic slowdown, says the Department of Energy Business. More tourism activities, driven by the visa-free policy, increased the consumption of jet fuel, which jumped 17.9% for the period to 16 MLD, up from 13.6 MLD. Fuel oil consumption dropped by 21.6% to 4.92 MLD from 6.27 MLD as businesses shifted from costly fuel oil to other types of fuels. Thailand's fuel imports, including crude oil, LPG and refined oil, dropped by 3% to 1.04 million barrels per day (BPD), with import value rising by 3.3% to 99.9 billion baht.

Source: Bangkok Post July 05, 2024 17:25 UTC