The government has instructed oil companies to extend the stockpiling of the country's oil reserves from 60 to 70 days to help offset any future oil crisis, Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said on Thursday.
Speaking before a meeting with the finance and energy ministries, the Bank of Thailand and the Securities and Exchange Commission (SEC), Mr Supattanapong said energy reserves will be gradually raised until the target is met.
He said that in the face of possible supply crises, the government needs to stabilise oil reserves and ensure a sufficient supply.
