Cheaper gasoline expected as shifts in oil price reflected at pumps

 

File photo

 

Channel 7 reported that consumers can expect cheaper gasoline prices at pumps today as lower oil prices are passed onto consumers. 

 

They said that motorists were already filling their tanks. 

 

There were huge falls in the price of oil on Monday as Saudi Arabia and Russia went on a price war amid falling demand due to the coronavirus. 

 

The Thai media expected most gasoline to be 60 satang cheaper and E85 to be 40 satang cheaper. It was the second fall in two days. 

 

In other news they reported a rise of 1.2% in Thai stocks amid trading volume of 74 billion baht. 

 

The price of gold bars was at 24,700 and jewelry at 25,200 they said. 

 

Source: Channel 7

 

 

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Barrel of oil has dropped over 30% in cost and PTT gives us 60 satang off? Spare me, why bother just more useless small coins I cant read the value of.

About an hour ago I filled up the pick-up and 3 drums at Esso Wang Sai Phun and it was 24.12/L which seems a bit rich given the dramatic drop in crude price. 

Oil goes down 30%, petrol price down 60 satang doesn't make sense especially when it has low tax included unlike in Europe. Maybe someone knows why?

 Do you think it could be a little corruption TIT

16 hours ago, scubascuba3 said:

Oil goes down 30%, petrol price down 60 satang doesn't make sense especially when it has low tax included unlike in Europe. Maybe someone knows why?

Taxes are lower than in super high tax countries like Germany.

But taxing or preferences vary much depending on fuel type and not nearly tax free.

Extreme cases:

Pure Benzene/Petrol, ex. refinery 9.6889 B/l, retail 30.36.

E85, ex. refinery 19.379725, retail 17.29.

And the so called "oil fund" is the political steering mechanism.

Adjusted by the season.

 

(click on image for full size)

 

http://www.eppo.go.th/index.php/th/petroleum/price/structure-oil-price

 

Edited March 12, 20206 yr by KhunBENQ

Just filled up at shell E20 for 19.99 a litre!!! Filled up on saturday for 21.79 a litre. Big road trip this weekend forsure!

I am also on E20 but bet it will slightly more than 20 Baht.

The further from the eastern seaboard the more expensive.

 

The prices in my above post reflect another price reduction as of today.

All except Diesel.

 

Another reduction from today 5 AM.

-0.60 Baht for 91, 91, E20, Benzene/Petrol.

-0.40 Baht on E85.

-0.30 Baht on all Diesel fuels.

 

https://www.khaosod.co.th/wpapp/uploads/2020/03/123-4-696x696.jpg

Edited March 13, 20206 yr by KhunBENQ

On 3/11/2020 at 2:12 PM, legend49 said:

Barrel of oil has dropped over 30% in cost and PTT gives us 60 satang off? Spare me, why bother just more useless small coins I cant read the value of.

Do you buy your fuel in a 1 litre bottle at a time?

 

60 satang per litre or 6฿ for 10 litres or 30฿ for 50 litres.

 

Tell the gas station that you want to pay the older more expensive price.

My fuel (E20) has gone down about 19% since mid January.

And why it is not 30% see above (post #6).

A 40l filling down from about 950 to 770.

Another boring message, prices down further since this morning.

Compare with image from March 12.

Edited April 1, 20206 yr by KhunBENQ

Valid from today, March 10, 2020.

High ethanol stuff hit a bottom.

 

1 hour ago, KhunBENQ said:

Valid from today, March 10, 2020.

today is April 10,2020 

On 3/11/2020 at 7:11 PM, scubascuba3 said:

Oil goes down 30%, petrol price down 60 satang doesn't make sense especially when it has low tax included unlike in Europe. Maybe someone knows why?

Think distribution network?

Wellhead to gas pump would be how many weeks?

Sad day indeed, but enjoy it guys.

Hopefully this social distancing we stay and people will shy away from public transportation when the world kicks into gear again  

More cars on the road baby!

Filled my tanks 91 for 17.84/l , like that for a few days now so looks like the drop is slowing down.

1 hour ago, Assurancetourix said:

today is April 10,2020 

Sure. Too late to correct.

At least "today" is OK for today

 

Another round from today April 23, 2020.

 

Edited April 23, 20206 yr by KhunBENQ

16 minutes ago, KhunBENQ said:

Another round from today April 23, 2020.

 

Road trips every weekend for the last month or so and less pollution, rain has just started, everything is lush and its so cheap to get to. 400km round trip cost me about 300baht! 

And just a note about "low taxes".

Taxes and other contributions vary extremely between the different fuels.

All politics/policy/steering.

The pure petrol/benzene that is sold for 24.36 Baht cost about 5.5 Baht ex-refinery.

E85 on the other hand is sold for less than the price ex-refinery!

3 minutes ago, bangkokbonecollector said:

rain has just started, everything is lush

I am envy. Must be far from here.

Oil prices have dropped to record low levels. Even with taxes taken into consideration, pump prices should be at least 20-30% lower than we see right now. PTT and the feds are making a fortune on this historic drop in oil prices. 

6 minutes ago, KhunBENQ said:

I am envy. Must be far from here.

Central and west but the rain is coming from tomorrow I think. I hope these prices stay low for the foreseeable future.

I thought by now they'd be paying us to fill up our cars!

Good, but can we get real petrol instead of low density, fuel line eating, easily fouling ethanol.

11 minutes ago, DrTuner said:

Good, but can we get real petrol instead of low density, fuel line eating, easily fouling ethanol.

Out of the bigger cities pumps with petrol/benzene have become rare but still exist.

The closest for me is 25km! A Susco pump.

At PTT it might come back at more stations in autumn when finally the obsolete gasohol 91 is finally abolished?

Currently many stations simply don't have enough tanks to hold up to four(!) different Diesel variants plus the rest. Four Diesel variants, stupid as can be.

 

You can get petrol, but for a price. Extremely taxed from ~5.5 Baht to 24.36 Baht.

Edited April 23, 20206 yr by KhunBENQ

And thanks to Pattaya Plod's mindless blocking of Sukhumvit, I have to drive 40 kms more on a round-trip to my usual fuel station.

Seems prices have seen a bottom.

Rising from tomorrow, May 1, 2020.

Edited April 30, 20206 yr by KhunBENQ

On 4/23/2020 at 11:48 AM, DrTuner said:

Good, but can we get real petrol instead of low density, fuel line eating, easily fouling ethanol.

No! be satisfied with burnt sugar cane, they didn't build all the new ethanol plants for nothing!

PTT 95 Benzene as they call it here is the nearest thing to "real petrol"