The crude oil price in the world market has reached a 14-year high and is nearing $140 per barrel. Experts predict the petrol price may rise to $30,000 per liter if there is no price intervention. The oil price has been surging sharply since early this week as a result of the concern about supply […]
Read MoreThe National Energy Policy Committee (NEPC) on Wednesday resolved to remove the 40-billion-baht cap on loans to support the Oil Fund in the wake of the Russian invasion of Ukraine. Kulit Sombatsiri, permanent secretary for energy, said the decision will give the government more room to deal with soaring oil prices. The decision reached in […]
Read MoreMANILA, Philippines — Labor Secretary Silvestre Bello III has directed wage boards across the country to hasten their review of minimum wages over zooming fuel prices on account of Russia’s invasion of Ukraine that has sent global oil prices skyrocketing. In a statement, Bello said oil prices — which increased this week by between P3.60 […]
Read MoreThe National Energy Policy Committee (NEPC) has resolved to lift borrowing limits of the state Oil Fund to allow for management flexibility and approved guidelines to address surging fuel prices. Chaired by Prime Minister Prayut Chan-o-cha, the NEPC met on Wednesday to review plans to tackle soaring energy prices and decided to remove the borrowing limits […]
Read More
Thailand
