PATTAYA, Thailand – Thailand’s aviation authorities are monitoring jet fuel prices amid concerns that tensions in the Middle East could affect global energy markets and the aviation sector.
The Civil Aviation Authority of Thailand (CAAT) held a meeting on March 11 to assess the situation surrounding aviation fuel (Jet A-1). The meeting was chaired by Sarun Benjanirat and included representatives from the Department of Energy Business, the Excise Department, as well as energy companies PTT Public Company Limited and Bangchak Corporation.
Energy producers told the meeting that Thailand currently has sufficient supplies of aviation fuel and no immediate shortages are expected. Officials also noted that the country maintains crude oil reserves that could cover roughly three months of demand if imports were disrupted.
Participants also discussed possible measures should jet fuel prices rise significantly. The Excise Department said there are currently no plans to reduce fuel taxes, but airlines could submit proposals if tax adjustments would help reduce travel costs for the public. The Civil Aviation Authority of Thailand said it will continue monitoring Jet A-1 fuel prices closely and coordinate with Thai airlines to track fuel demand and ensure adequate supply for the aviation industry. (TNA)
