Fighting for 40 billion baht to fight expensive oil – ‘PTT’ opens a plan to supply energy Confident that Thailand has enough to use
On March 5, the government is preparing to issue additional measures to heal the people. from world crude oil prices continued to rise from the Russian-Ukrainian crisis
On March 4th at the Government House General Prayut Chan-o-cha, Prime Minister and Minister of Defense Summoned Mr. Supattanapong Panmeechao, Deputy Prime Minister and Minister of Energy and Mr. Kulit Sombatsiri, Permanent Secretary of the Ministry of Energy to discuss once more. It takes regarding 1 hour following the domestic oil price rose. from the continuous high price of crude oil in the world market while the money status of the fuel fund to support the price of diesel fuel starting to taste
News reports say In the urgent meeting between the Prime Minister and Mr. Supattanapong The meeting discussed how to help many groups of people. especially for diesel users which will have a broad impact on the economy as well as low-income groups Therefore, preliminary focus will be on the maintenance of diesel prices, which will continue to maintain the price of not more than 30 baht per liter. by deciding to expand the loan limit of the Fuel Fund from 30 billion baht to 40 billion baht under the emergency management plan and will be proposed to the National Energy Policy Council (NEPC) meeting chaired by the Prime Minister on March 9, then brought to the Cabinet meeting on March 15 to make such plans Effective in addition to the measures to control diesel prices, there are also measures to take care of low-income earners. by various measures An official press conference will be held following the NEPC meeting on March 9.
Mr. Attaphol Rerkpiboon, Chief Executive Officer and President of PTT Public Company Limited, revealed the readiness of the PTT Group to cope with the Ukraine-Russia crisis that PTT has closely monitored the situation. as well as prepare for both crude and refined oil procurement to ensure that the country has sufficient energy consumption and can support continuous economic activities
Mr. Atthaphon said that PTT Group has managed the risk of crude oil procurement from many sources. by taking various measures To prepare, such as coordinating the PTT Group’s refineries to maintain oil reserves at the highest level. Approximately 95 million liters of crude oil imported from the United States is stored in oil tanks at Sriracha. Coordinate with partner networks to prepare for the supply of at least 160 million liters of crude oil from normal, including bringing regarding 320 million liters of internationally traded oil into the country for security reserves. Transport crude oil and implement Vessel Tracking to keep ships on time. and have prepared a tank in case additional storage is required As a result of such measures, the country’s oil reserves increased by at least 640 million liters.
Mr. Atthaphon said for managing the amount of finished oil has prepared to supply additional refined oil including temporarily suspending diesel exports with an average of 30 million liters of gasoline imported per month
in the fuel oil 4,000 tons per month for LPG is imported to deliver to Bang Pakong Power Plant. If there is an increase in demand, PTT Group is ready to procure Spot LPG to ensure that there is enough energy to meet the needs of the country.
“PTT Group is ready to be an important force. and perform missions to the best of their ability to create energy security for the country in both normal and emergency situations We will closely monitor the situation and take action to ensure energy security immediately. However, the country’s energy stability will truly emerge from the cooperation of everyone to save and know how to use energy efficiently,” said Attapol.
