Thailand’s fuel import hits new record high

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BANGKOK, 21 December 2012  Thailand has has broken its fuel import record, as it increased to over one trillion baht this year.

According to Energy Business Department Director-General Veerapol Jirapraditthakil, the total imports of crude and refined oils and liquefied petroleum gas (LPG) in 2012 have reached 929-thousand barrels per day worth over 1.1-trillion baht.

This figure is the highest in Thailand’s history and surpasses the 837-thousand barrels per day or 1.03-trillion baht last year in a sharp increase in demand and rising price of crude oil and LPG.

Meanwhile, the use of natural gas vehicles for cars has jumped 20.6 percent to 7.7-million kilograms of daily consumption, followed by an 11 percent increase in LPG consumption at 605-thousand kilograms monthly.

Mr Veerapol expected that the government will subsidize fuel consumption at 95.4-billion baht this year, while oil consumption next year will expand by 4-to-5 percent.

By RADIO THAILAND & INSIGHT INFO