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Bangkok Post
Bangkok Post
Business

DARK SECRETS: Oil prices have authorities on edge | Rare Historical Photos

Motorists refuel their vehicles at a PTT petrol station on Nawamin Road in Bangkok. Petrol prices may increase by 6 baht if global oil prices hit $120 per barrel, according to a recent forecast. (Photo: Varuth Hirunyatheb)

The global oil price surge to US$100 a barrel as a result of the Ukraine invasion has the Energy Ministry concerned, prompting it to ensure sufficient oil and gas supply for Thailand.

Brent crude oil hit $102.48 a barrel, the highest since 2014, as Russia attacked Ukraine.

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