Thailand’s SET Index closed at 1,461.35 points, decreased 18.39 points or 1.24%, with a trading value of THB 66.51 billion. The analyst stated that the Thai market declined amid persisting external pressures, as the situation surrounding the Middle East remains unresolved. Although oil prices edged higher, giving positive momentum to related equities, the selloff of big-cap stocks, including SCC, SCB, GULF, and DELTA, asserted downward sentiment on the index.
For tomorrow, the analyst expects the Thai market to trade sideways.
China holds an extensive oil reserve estimated at 1.397 billion barrels, combining both government and commercial storage. This inventory is capable of covering the loss of imports via the Strait of Hormuz for around seven months.
Beyond amassing oil, the world’s second-largest economy has enacted measures to stabilize domestic energy costs, with the National Development and Reform Commission limiting fuel price increases, absorbing more than Yuan 1,000 per metric ton of the recent global surge.
Thailand’s Energy Policy and Planning Administration Committee (EPPO) reached a landmark decision to significantly reduce fuel prices at the refinery level to alleviate the financial pressure on the public by addressing high refining margins.
The committee approved a total reduction of 5 baht per litre at the refinery gate. This decision builds upon a previously 2-baht cut in early April, adding an additional 3 baht per litre to the relief measure. The new pricing is expected to take effect on April 24, 2026, following its publication in the Royal Gazette, and will remain in place until May 9, 2026.
