Fuel consumption in the first 4 months grew 3.1%

Business

Bangkok, June 7 - the first 4 months (January-April) 2023, Thailand uses an average of 158.86 million liters of fuel per day, an increase of 3.1 percent from the same period last year. It is expected that the whole year's fuel consumption will grow by 7.4 per cent. pointing to a clear signal of economic recovery in the country

Ms. Nantika Thangsuphanich, Director-General of the Department of Energy Business Revealing an overview of fuel consumption for the four months (January-April) averaged at 158.86 million liters/day by the benzene group. The average was 31.86 million liters/day, an increase of 5.8 percent from the same period last year. / Diesel fuel consumption The average was 74.63 million liters per day, down 3.4 percent from the previous 77.2 million liters per day. Since April 2022, high-speed diesel fuel has been used due to the relief of public concern. from the relaxation of measures to control the spread of COVID-19 together with during Songkran There is an increase in travel back to their hometowns and tourism.

While commercial aviation fuel (Jet A1) consumption averaged 13.89 million liters/day, an increase of 92.4 percent from the same period last year, according to measures to promote tourism in many countries, while the average LPG consumption was 17.18 million kg. / day, a decrease of 3.3% from the same period last year, the average NGV consumption was 3.50 million kg/day, an increase of 6.4% from the same period last year. total import volume averaged at 1,098,731 barrels/day, an increase of 7.9 percent from the same period last year; The total export volume was at 151,539 barrels/day, a decrease of 2.6 percent, representing a total export value of 15,164 million baht/month.

The forecast for fuel consumption from now until the end of 2023 is expected that the consumption of all types of fuel is likely to increase by 7.4 percent due to the recovery of the economy that relies on transportation and large amounts of energy consumption. There will be an increase in oil consumption compared to the same period last year as follows: Benzene increased by 11.8 percent. Diesel increased 12.1%, commercial jet fuel (Jet A1) increased 23.7%, fuel oil increased 20.2% and LPG increased 7.7%.

The forecast of the Department is in line with the forecasts of other agencies. In addition, the Department expects that the average fuel consumption in 2023 will return to close to 2019, except for commercial jet fuel (Jet A1), as many countries continue to restrict travel. In addition, the airline is in the process of rehabilitation.

"The direction of oil prices in the country before Saudi Arabia Announced to reduce oil production by 1 million barrels per day. We forecast crude oil prices at $80-90 per barrel. But after the announcement Oil prices are likely to be higher than expected. But it will not be much higher, ”Director General of the Department of Energy Business .–Thai News Agency

Source: Thai News Agency