Thailand’s Fuel Consumption Signals Strong Economic Recovery

[snoop1130]

 

BANGKOK (NNT) - The Department of Energy Business (DEB) has revealed that Thailand’s economy shows clear signs of recovery as fuel consumption steadily increases, adding that in the first four months of this year, the use of various fuels saw a significant rise of 3.1% compared to the same period last year.

 

DEB Director General Nanthika Thungsupanit reported that an average of approximately 158.86 million liters of fuel was consumed daily from January to April. Petrol consumption experienced a notable increase of 5.8%, reaching around 31.86 million liters per day during the same period. However, diesel consumption decreased by 5.8% due to reduced travel compared to the previous year when COVID-19 restrictions were lifted.

 

According to Nanthika, the usage of jet fuel witnessed a remarkable surge of 92.4%, averaging 13.89 million liters per day from January to April. However, the consumption of LPG or cooking gas slightly declined by 3.3% to 17.18 million kilograms per day, while the use of NGV or natural gas for vehicles rose by 6.4% to 3.5 million kilograms per day.

 

Additionally, Thailand’s oil imports during the first four months of the year experienced a 7.9% increase, averaging 1.1 million barrels per day. On the other hand, oil exports declined by 2.6% to an average of 151,539 barrels per day.

 

The DEB predicts that fuel oil consumption will continue to rise in the second half of the year as the economy further improves. They anticipate an 11.8% increase in petrol usage, a 12.1% increase in diesel consumption, a 23.7% surge in jet fuel consumption, and a 20.2% rise in bunker oil usage by the end of the year.

 

By Krajangwit Johjit

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG230608134944113

 

-- © Copyright NNT 2023-06-08

 

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[hotchilli]

12 hours ago, snoop1130 said:

The Department of Energy Business (DEB) has revealed that Thailand’s economy shows clear signs of recovery as fuel consumption steadily increases, adding that in the first four months of this year,

Mind blowing assumption.

[RichardColeman]

I'd say the 1.5 people in the photo have used more than 3% increase in going to takeaways

[whiteman]

[mikebell]

17 hours ago, snoop1130 said:

as fuel consumption steadily increases,

mainly due to Electioneering vans grinding traffic to a standstill whilst they broadcast a message that no one can hear.

[digger70]

Yes hundred of cars sitting at the traffic lights here in town for up to 4 minutes  .

That'll do it.

[Burma Bill]

19 hours ago, snoop1130 said:

the use of various fuels saw a significant rise of 3.1%

Including charcoal??

 

 

 

[jacko45k]

20 hours ago, mikebell said:

mainly due to Electioneering vans grinding traffic to a standstill whilst they broadcast a message that no one can hear.

Or get past!

[StayinThailand2much]

On 6/8/2023 at 4:50 PM, snoop1130 said:

(...) the first four months of this year, the use of various fuels saw a significant rise of 3.1% compared to the same period last year.

LOL. So this is in comparison to early 2022 when there were still pandemic-related restrictions?

[rickudon]

3% increase in fuel consumption more likely to be because the air-conditioning has been turned up higher in the cars due to the extremely hot weather.....

[CartagenaWarlock]

13 minutes ago, rickudon said:

3% increase in fuel consumption more likely to be because the air-conditioning has been turned up higher in the cars due to the extremely hot weather.....

WHat percentage of Thai households have A/C? I read somewhere it's around 20% or less. 

[rickudon]

In the cars. There talking about petrol, diesel, LPG.

 

As for in houses, you would be surprised. In our village, hardly any air conditioners 12 years ago, now in about 30% of houses. And it is not a rich village.