Cabinet Approves Energy Crisis Plan, Boosts Biofuel Role

The government is moving forward with an energy crisis management plan for 2026–2029, emphasizing biofuels to reduce import dependence and strengthen Thailand's energy security, while utilizing a fuel stabilization fund. Deputy Government Spokesperson Lalida Peraisvivattana announced that the Energy Ministry has sought Cabinet approval for the "Fuel Crisis Management Plan 2026–2029" and the "Fuel Fund Strategic Plan 2026–2029".

These plans establish a framework for managing Thailand's energy to withstand global market fluctuations, while promoting domestically produced fuels—especially biofuels. Biofuels are a cornerstone of energy security because they can be produced from agricultural raw materials within Thailand and blended into conventional fuel, replacing some imported oil, reducing energy import dependence, and protecting against global price volatility.

The fuel fund strategy designates the transition to biofuel-blended products as a priority, alongside maintaining fuel price stability during crises. This gives Thailand appropriate energy management tools and increases reliance on domestic energy sources.

The fuel crisis plan also sets out how the fuel stabilization fund will maintain price stability and shield citizens from energy price swings while considering the fund's liquidity and Thailand's long-term energy security.

The deputy spokesperson added that expanding biofuel's role also connects energy policy to agriculture, since raw materials can be produced domestically. This keeps money circulating in the Thai economy and reduces the risk of depending on a single foreign energy source. "Amid global energy volatility, Thailand must strengthen energy self-sufficiency. Biofuels are a viable option because we can produce the raw materials domestically, use them to replace imported energy partly, and support the country's long-term energy security."