The Prime Minister indicated that revising the oil price formula aims to reduce the financial burden on Thai people. He declined to comment on who benefited from the 22-year historical phantom cost differential, instead referring questions to Energy Minister Ekkanat for details.Tags: [Prime Minister, Oil Price Formula, Energy Policy, Thailand]
On 29 Oct 2026 GMT+7, Prime Minister and Minister of Interior Anutin Charnvirakul addressed the historic 22-year oil cost formula revision. He said Energy Minister Ekkanat Promphan had already explained the new structure. All measures implemented aim to reduce costs, ease the burden on Thai citizens, and decrease dependence on fossil fuel oil imports, shifting toward oil blended with agricultural products and increasing use of naturally produced fuels or energy.Tags: [Anutin Charnvirakul, Ekkanat Promphan, Oil Price, Energy Policy, Thailand]
When asked if the government would disclose data on the phantom cost figures to reveal who benefited over the past 22 years, the Prime Minister reiterated that such details should be requested directly from the Energy Minister, who had already provided a briefing yesterday.Tags: [Oil Cost Differential, Transparency, Energy Ministry, Thailand]