Thailand Says Fuel Supply Is Stable Despite Market Jitters

Thailand Says Fuel Supply Is Stable Despite Market Jitters

Thai officials said there is no immediate risk of an oil shortage, even as anxiety grows over energy costs and supply routes tied to unrest in the Middle East. Authorities said the country has enough oil reserves for up to 95 days and are reviewing backup options in case shipments through the Strait of Hormuz are disrupted. Diesel prices are being held steady for 15 days for now, while petrol is not under the same freeze and could rise gradually if tensions drag on. Officials also said some of the confusion has come from industrial buyers relying on middlemen, who may now be charging far more than normal. Businesses were told to submit recent fuel invoices to provincial authorities so they can continue buying from familiar depots under ministry-set pricing.