Cabinet Approves 2026-2029 Oil and LPG Crisis Response Plan

โดย thunhoon.com·TH·Read original
Summary · why it matters

The Cabinet meeting approved the Fuel Crisis Response Plan for 2026-2029 and the Fuel Fund Strategic Plan for 2026-2029, as proposed by the Ministry of Energy through the Office of the Fuel Fund, to serve as a framework for managing and stabilizing domestic fuel prices. Mr. Pornchai Jirakulpaisan, Director of the Policy and Planning Bureau at the Office of the Fuel Fund, disclosed that the new plan sets conditions for drawing on the fund to subsidize and compensate prices under three scenarios. Scenario 1 is when diesel and gasoline prices exceed 30 baht per liter and the retail price of LPG exceeds 423 baht per 15-kilogram cylinder, up from 363 baht per cylinder. Scenario 2 is when finished oil prices fluctuate by more than 10 US dollars per barrel within one week, up from 5 US dollars per barrel, and retail prices adjust by more than 2 baht per liter within one week, up from 1 baht per liter. For LPG, the criteria are world market prices changing by more than 35 US dollars per ton within one month and total retail price changes exceeding 1 baht per kilogram within one month, down from two weeks. Scenario 3 is when fuel may become scarce enough to affect the economy and people's quality of life. The plan also adds consideration of using fuel blended with biofuels from domestic agricultural output to reduce dependence on imported crude oil. It clearly separates the fund's accounts into an oil group and an LPG group to avoid cross-group subsidies, and sets a framework focused mainly on compensating diesel and LPG prices if the crisis is prolonged, as well as accumulating money into the fund when world prices fall in order to prepare liquidity.

Impact on assets 5

Others▲ · 5 stocks
⛏LPG
LPG
± Mixedrelevance

LPG subsidy thresholds and account separation are set for Thailand's Fuel Fund, but no change to global LPG supply or demand is stated.

⛏Brent Crude Oil Futures
BRENT
± Mixedrelevance

Plan references imported crude dependence and biofuel blending but gives no concrete change to Brent supply or demand.

⛏Crude Oil WTI Futures
WTI
± Mixedrelevance

Thailand's fuel crisis response plan is a domestic subsidy framework; no direct supply/demand driver for WTI stated.

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