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Oil consumption up 4-5% during Songkran

Oil consumption has risen by four to five percent during the Songkran festival or from April 12 until April 17

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Oil consumption rises 4-5% during Songkran festival

BANGKOK, 17 April 2019 (NNT) – The Department of Energy Businesses has disclosed that domestic oil consumption has risen by four to five percent during the Songkran festival or from April 12 until April 17, mostly due to journeys between the provinces and Bangkok for the long holiday.

Department of Energy Businesses Director, General Nanthika Thangsupanich said today the 4-5% increase in oil consumption during Songkran accounted for a record 32 million liters of gasoline per day and 68 million liters of diesel per day.

Most of the fuel was for the long holiday from April 12 to April 17 during which festival goers have traveled to their home provinces and then returned to the capital city.

The daily volume of oil consumption is expected to amount to one million barrels, accounting for no less than a three percent increase throughout the year. Besides, she said, most of the consumed oil is supposed to be environmentally friendly.

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Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak

The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.

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The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.

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