Saudi Arabia · Japan · Nation Thailand
Saudi Arabia plans Singapore oil storage to bolster energy security
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Thailand’s Cabinet approved measures to ease energy costs at its meeting on Tuesday (October 27, 2026), authorising the Excise Department to reduce excise tax on B20 and E20 fuels.
Key facts
- The measures aim to encourage the use of agricultural produce in fuel production and reduce the proportion of fossil-derived oil in fuels.
- WTI rises 0.8% on Oct 30 amid fears of US strikes on Iran
- Storage under this agreement is expected to begin in the second half of 2027.”
- Department of Highways closes 4 routes in Kanchanaburi and Prachuap Khiri Khan due to floods and landslides on October 29, 2026.
Summary
The measures aim to encourage the use of agricultural produce in fuel production and reduce the proportion of fossil-derived oil in fuels.
Prime Minister and Interior Minister Anutin Charnvirakul also instructed the Ministry of Energy to consider long-term solutions to energy problems.