Motorists in Phuket hurried to refuel their vehicles on March 3, anticipating potential fuel price hikes due to tensions in the Middle East. Significant queues formed at a Bangchak petrol station in Kathu, with drivers of vans and taxis among those seeking to fill their tanks. The demand led to queues stretching beyond the forecourt, with some petrol stations struggling to maintain fuel supply.
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Concerns are mounting as drivers return to fill up again on March 4, fearing further price increases. The situation arises amidst global uncertainty, prompting immediate public reaction. Prime Minister Anutin Charnvirakul reassured the nation that Thailand has adequate oil reserves, even if a key strait is obstructed.
Thailand's oil import strategy is diversified, lessening dependence on the Middle East. The nation’s oil refining and consumption rates currently stand at 170 million litres and 130 million litres per day, respectively. Government plans include possibly halting fuel exports, except to Laos, redirecting over 30 million litres of surplus for domestic needs if necessary.
The Energy Ministry remains committed to stabilising fuel prices and stated that current energy costs do not justify any price increases for goods or services. Businesses were cautioned against inflating prices amid the turmoil, and the public was advised to remain calm and avoid panic-buying. These measures seek to assure the public of sufficient energy supply without impacting economic stability.
Looking forward, the government aims to continue monitoring the situation closely and adjust policies to prevent any adverse effects on the domestic market. Officials emphasize ongoing vigilance and adaptability to ensure energy security throughout the region, reported The Thaiger.
Adapted by ASEAN Now · The Thaiger · 04 Mar 2026
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