(Bangkok, 6th) Thailand’s oil and gas giant Bangchak Corporation announced the launch of the “Fry to Fly – Exchange 2 Liters for 1 Liter” pilot program, encouraging the public to exchange used cooking oil from their homes for automotive fuel.
Bangchak Corporation issued a statement on Saturday (April 4), saying that from April 6 to 30, citizens can bring discarded cooking oil to Bangchak stations in Bangkok and surrounding areas to exchange for diesel or regular grade gasoline.
Every 2 liters of used cooking oil can be exchanged for 1 liter of fuel, with each person allowed to exchange up to 20 liters of used oil, which equals up to 10 liters of fuel.
The statement said the corporation hopes that during the current energy crisis caused by the Middle East situation, this initiative can help ease the financial burden on citizens caused by rising oil prices, while also promoting resource recycling and green development.
This pilot program builds on Bangchak Corporation’s original “Fry to Fly” project. The original initiative mainly used recycled cooking oil to produce sustainable aviation fuel, while the new pilot program is more focused on daily needs, allowing household waste oil to be directly converted into energy for everyday transportation.
Since the outbreak of the Middle East war at the end of February, global crude oil prices have continued to rise, and Thailand’s retail oil prices have also climbed.
As of Friday (3rd), gasoline and diesel prices in Thailand have been adjusted eight times. Diesel prices have repeatedly reached historic highs, rising to 50.54 baht (about 6.57 ringgit) per liter on Sunday (5th), which is 2.80 baht higher than the previous day’s record of 47.74 baht. Unleaded gasoline retail price remains at 57.51 baht per liter.
The further increase in diesel prices is mainly due to the Fuel Fund Management Committee cutting subsidies in order to make retail prices more closely reflect actual costs and restore the fund's long-term balance. Specifically, the B7 diesel subsidy was reduced by 2.61 baht from 20.71 baht per liter to 18.10 baht, resulting in the retail price rising to 50.54 baht per liter.
Currently, Thailand’s Oil Fuel Fund faces debts exceeding 50 billion baht, and this reduction is expected to decrease daily expenditure by approximately 200 million baht.
Every 2 liters of used cooking oil can be exchanged for 1 liter of fuel, with each person allowed to exchange up to 20 liters of used oil, which equals up to 10 liters of fuel.
The statement said the corporation hopes that during the current energy crisis caused by the Middle East situation, this initiative can help ease the financial burden on citizens caused by rising oil prices, while also promoting resource recycling and green development.
This pilot program builds on Bangchak Corporation’s original “Fry to Fly” project. The original initiative mainly used recycled cooking oil to produce sustainable aviation fuel, while the new pilot program is more focused on daily needs, allowing household waste oil to be directly converted into energy for everyday transportation.
Since the outbreak of the Middle East war at the end of February, global crude oil prices have continued to rise, and Thailand’s retail oil prices have also climbed.
As of Friday (3rd), gasoline and diesel prices in Thailand have been adjusted eight times. Diesel prices have repeatedly reached historic highs, rising to 50.54 baht (about 6.57 ringgit) per liter on Sunday (5th), which is 2.80 baht higher than the previous day’s record of 47.74 baht. Unleaded gasoline retail price remains at 57.51 baht per liter.
The further increase in diesel prices is mainly due to the Fuel Fund Management Committee cutting subsidies in order to make retail prices more closely reflect actual costs and restore the fund's long-term balance. Specifically, the B7 diesel subsidy was reduced by 2.61 baht from 20.71 baht per liter to 18.10 baht, resulting in the retail price rising to 50.54 baht per liter.
Currently, Thailand’s Oil Fuel Fund faces debts exceeding 50 billion baht, and this reduction is expected to decrease daily expenditure by approximately 200 million baht.