PTT Outlines Eight Measures to Control Fuel Stocks and Supply, Pledges Transparency and No Hoarding

PTT Public Company Limited has notified the stock exchange of eight management measures to minimize impacts from the Hormuz Strait closure and Middle East tensions that began February 28, 2025, and continue to disrupt global crude oil and refined product supply chains. As Thailand's primary energy operator, PTT prioritizes ensuring the country maintains adequate and equitable energy access while maintaining transparency and refusing to hoard supplies.

1. Business Continuity Management (BCM): PTT established an Incident Command System and has conducted emergency management meetings daily, totaling over 37 sessions, to coordinate with government and relevant agencies both domestically and internationally, ensuring efficient energy supply throughout the supply chain.

2. Crude Oil Supply System: PTT diversifies crude oil sourcing from multiple global sources, reducing Middle East dependence by importing from the United States, West Africa, Latin America, and Malaysia through the P1 project and PTT Trading networks. During March-May 2025, PTT secured over 70 shipments, sourcing approximately 30% from the Middle East and 70% from other regions. This required extending procurement lead times from 45-60 days to 90 days.

3. Refinery Efficiency: PTT's three refineries received over 110 billion baht in investments from 2021-2025 to enhance flexibility and energy security. During the crisis, refineries operated at over 105% capacity, enabling immediate crude source switching without impacting production volume or national energy security.

The statement addresses concerns about potential oversupply once the Strait reopens and emphasizes PTT's commitment to transparent operations aligned with government policy.