Thailand in talks with Russia over oil supplies

Thailand is in discussions with Russia over potential crude oil purchases as concerns grow over supply disruptions linked to the ongoing conflict involving the United States, Israel and Iran.

In an interview with The Nation, Foreign Minister Sihasak Phuangketkeow said Bangkok had already approached Moscow, which signalled its willingness to supply oil.

Sihasak added that Prime Minister Anutin Charnvirakul considers it essential to secure alternative sources of crude as uncertainty over global supplies increases.

According to the minister, Thailand’s current oil reserves are sufficient for 95 to 100 days, but the ongoing conflict has raised doubts about the reliability of long-term supply chains.

Separately, Reuters reported that Transport Minister Phiphat Ratchakitprakarn said the government would seek to cap domestic diesel prices at 33 baht (about $1.02) per litre in response to rising fuel costs.

By Tamilla Hasanova