Urgent energy meeting called after oil price spike

Urgent energy meeting called after oil price spike

Pump prices could rise up to two baht a litre as a result of the drone attack on two refineries in Saudi Arabia. (Bangkok Post photo)
Pump prices could rise up to two baht a litre as a result of the drone attack on two refineries in Saudi Arabia. (Bangkok Post photo)

Energy Minister Sontirat Sontijirawong has called an urgent meeting of the Energy Policy Administration Committee on Tuesday to evaluate the oil situation after the global price surge.

The minister said on Monday the meeting will assess the impact of the price increase on people and measures to help them to cope with it.

Global oil prices rose rapidly after a drone attack on two Aramco oil refineries in Abqaiq, Saudi Arabia, on Saturday. Yemen's Iran-allied Houthi rebels claimed responsibility.

Thailand imports 170,000 barrels of crude oil from the Middle East kingdom a day. The minister said earlier that oil imports were were not expected to be disrupted.

The price surge means motorists will be paying more for fuel, an increase that will also affect the cost of transporting consumer goods. 

Manoon Siriwan, a board member of Star Petroleum Refining Plc, said pump prices could rise up to two baht per litre in coming days as a result of the reduction in global supply caused by the attack.


Do you like the content of this article?
COMMENT (6)

Philippines protests China’s ‘provocative acts’ in disputed sea

The Philippines has protested “provocative” actions by Chinese government vessels in the South China Sea, in yet another sign of continuing tensions between the two nations in the disputed waters.

20 Oct 2021

Thailand Post tests parcel delivery by drone

Thailand Post tested drone delivery for the first time on Wednesday with a plan to start delivering medicines to patients difficult to reach by regular mail carriers.

20 Oct 2021

Myanmar's economic woes due to gross mismanagement since coup - US official

SINGAPORE: Myanmar's economic turmoil is due to political instability and mismanagement following a February coup, a US official said on Wednesday after a junta minister blamed the crisis partly on foreign backers of its opponents.

20 Oct 2021