A refinery owned by Thai Oil
New regulations pose risks for Thai refiners
Attempts to control domestic fuel prices could threaten supply
A new energy law proposed by Thailand to overhaul how the country prices diesel and gasoline at the pump could allow the Association of Southeast Nations’ (ASEAN’s) biggest oil refiner to stabilise domestic fuel costs that have been buffeted by the Russia-Ukraine war. But the move may also potentially introduce more state intervention in the downstream sector while weakening fuel supply. Among the articles in the law under consideration by Thai Energy Minister and Deputy Prime Minister Pirapan Salirathavibhaga are changes to fuel oil trade regulations that would revamp the country’s approach to pricing and distribution of fuel. Diesel is the main fuel used in transport, logistics, agricultur
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
