World

Thailand cuts palm oil content in biofuel

Thailand's Ministry of Energy announced on November 8 that it will reduce the palm oil content in its biofuel from 7% to 5% to deal with rising palm oil prices.

Thailand cuts palm oil content in biofuel (Photo: nationthailand.com)
Thailand cuts palm oil content in biofuel (Photo: nationthailand.com)

Hanoi (VNA) – Thailand's Ministry of Energy announced on November 8 that it will reduce the palm oil content in its biofuel from 7% to 5% to deal with rising palm oil prices.

Thai Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga said this move, approved at a meeting of the Energy Policy and Planning Office (EPPO) on November 7, will help reduce biofuel costs.

The reduction in palm oil used in biofuel is expected to take effect from November 21. Accordingly, B7 biofuel, a blend of 7% palm-based biofuel and 93% petroleum diesel, will be converted to B5, a blend with 5% palm-based biofuel and 95% petroleum diesel.

Pirapan said the ministry has notified the National Palm Oil Policy Committee of this change and assured drivers that the switch from B7 to B5 will not negatively impact their vehicle engines.

The recent surge in crude palm oil prices has pushed the retail price of biodiesel to at least 48 THB per liter.

Since May 1, 2024, Thailand has discontinued the sale of B10 biodiesel, leaving only two types on the market: B7 and B20. B7 has been renamed biodiesel, while the name of B20 remains unchanged./.

VNA
#Thailand #palm oil #Vietnam #Vietnamplus #Vietnam News Agency Thailand
Follow VietnamPlus

Related News

See more

Vietnamese Ambassador to China Pham Thanh Binh (centre) speaks at the high-level thematic dialogue of ASEAN–China Week 2025 (Photo: VNA)

Vietnam urges deeper, more substantive ASEAN–China collaboration

Addressing the High-Level Thematic Dialogue at ASEAN–China Week 2025 in Fujian on November 17, Vietnamese Ambassador to China Pham Thanh Binh stressed that the ASEAN–China Comprehensive Strategic Partnership has continued to expand in recent years, contributing to regional peace and stability.

Malaysian Deputy Investment, Trade and Industry Minister Liew Chin Tong (second left) takes part in an opening gimmick for Asean Miti Day at the ministry in Kuala Lumpur (Photo: malaymail.com)

Malaysia launches region’s first EV battery passport

Malaysia has launched the region’s first electric vehicle battery passport standard, a move the government says will help accelerate the growth of the country’s EV ecosystem amid rapid technological changes.

Vietnamese PM Pham Minh Chinh's official visit grabs the headlines of the Kuwaiti media. (Photo published by VNA)

Kuwaiti media spotlight Vietnamese PM’s visit

Reports underlined the progress in Kuwait – Vietnam cooperation, particularly in trade and investment. Bilateral trade reached a record 7.3 billion USD in 2024, the highest between Vietnam and any Middle Eastern country.

Malaysia confirms new monkeypox cluster

Malaysia confirms new monkeypox cluster

With 12 new cases recorded since the beginning of this year, Malaysia’s cumulative monkeypox tally has risen to 23 since the first case was detected in July 2023.

A resident checks a landslide-hit location in Mejenang, Cilacap, Central Java, on November 14. (Photo: Antara)

Indonesia: Households evacuated after Cilacap landslide

The landslide in Indonesia's Central Java has killed three persons while 20 people are still reported missing. The incident damaged eight houses, caused a two-meter-deep subsidence and left a 25-metre-long crack over an area of about 6.5 hectares, affecting 46 residents of 17 households.

Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz. (Photo: spanarboy.com)

Malaysia aims to become Southeast Asia’s AI, EV hub

Malaysia is shifting into high gear as it positions itself to become Southeast Asia’s leading hub for smart, sustainable mobility, powered by breakthroughs in electric vehicles (EVs), artificial intelligence (AI) and advanced manufacturing.

TAT launches 'Trusted Thailand' symbol to boost international confidence in Thai tourism (Photo: nationthailand.com)

Thailand launches tourism initiative to boost international confidence

TAT Governor Thapanee Kiatphaibool explained that recent negative news had affected Thailand’s image, especially among Chinese tourists. The 'Trusted Thailand' initiative aims to rebuild trust, emphasising Thailand's commitment to providing high-quality, safe travel experiences.

Singapore proposed guidelines to manage AI risks in financial sector

Singapore proposed guidelines to manage AI risks in financial sector

To enhance oversight and risk management, financial institutions will need to establish clear processes for identifying AI usage across the organisation, maintain accurate and up-to-date AI inventories, and conduct risk materiality assessments that consider impact, complexity and reliance, it said.