Thailand has long pursued diversification of its energy imports. A turning point came in 2004-05 when global oil prices surged, prompting the government and PTT, the majority state-owned energy company, to seek new sources. Of this, 60% comes from domestic sources, 15% from Myanmar via pipeline, and 25% as LNG imports from the Middle East. However, before the prime minister's announcement, Shell raised its diesel prices by 4.20 baht per litre and gasohol by 1.50 baht. Caltex raised diesel prices by 1.80 baht and most gasohol prices by 0.90 baht per litre.

Source: Bangkok Post March 03, 2026 12:15 UTC