Thailand Weighs Fuel Exports as Tanks Nearly Full

Thailand may relax restrictions on Jet A-1 exports after oil storage tanks neared capacity, as refineries continue operating at full output despite a sharp fall in diesel demand.

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Reports indicate storage space is running out, with some refineries operating at more than 100 percent capacity, as high as 110 percent, to meet government policy on fuel supply. At the same time, diesel demand has dropped significantly in recent weeks, creating a widening gap between production and consumption.

During the early stage of the Middle East conflict, domestic diesel consumption reached as high as 84 million litres per day, compared with around 67 million litres under normal conditions. At its peak, demand surged to about 100 million litres per day, while refineries typically produced around 74 million litres daily.

However, diesel demand has recently fallen to an average of about 50 million litres per day over the past two to three weeks. During parts of the Songkran holiday, consumption dropped further to around 32 million litres per day, even as all six refineries maintained output of roughly 78 to 84 million litres daily.

This has resulted in excess supply of around 27 to 30 million litres per day, causing stockpiles to build rapidly. IRPC’s refinery is expected to reach full storage capacity by the end of April, while GC and Thai Oil refineries are forecast to follow in early to mid-May.

In response, the country’s six refineries have requested that the government ease its ban on fuel exports, including petrol, gasohol, base gasoline, high-speed diesel and Jet A-1 aviation fuel. The initial proposal focuses on exporting Jet A-1, as it is not widely used by the general public.

Neighbouring countries such as Vietnam and the Philippines are reportedly facing shortages of aviation fuel, while Thailand currently has surplus supply. In 2025, domestic consumption of Jet A-1 averaged 17.23 million litres per day.

Energy Minister Akanat Promphan said the ministry is reviewing export measures after being informed that storage tanks are close to overflowing. He stressed that diesel production must not be reduced and that diesel exports will remain suspended to prevent potential shortages.

The Nation reported that he added that easing restrictions on aviation fuel exports could generate income while helping manage diesel supplies and free up storage capacity. The ministry is expected to reach a decision soon, balancing export opportunities with domestic energy security.

Picture courtesy of The Nation

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Adapted by ASEAN Now Nation 26 Apr 2026