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Bangkok Post

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Oil price, not supply, is biggest concern, says energy ministry

Energy Ministry Russia Thailand Ukraine

A food delivery motorcyclist tops up his bike on Navamin Road in Bangkok. The Energy Ministry says price, not supply, is more likely to be affected by the Russian invasion of Ukraine. (Photo: Varuth Hirunyatheb)

Thailand has two-months of oil reserves, but the Russia-Ukraine crisis could affect future energy prices, according to the Energy Ministry.

Permanent secretary Kulit Sombatsiri said on Thursday that as of Monday the country had about 3.2 billion litres of crude oil in stock and another 1.46 billion litres of crude oil en route for delivery, and 1.67 billion litres of refined oil.

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