rexpotter Posted April 5 Share Posted April 5 So whats the deal? This always gets passed on to the little guy. Takes a bit of time, but if it continues expect everything you buy to cost 18% more. 5 1 2 Link to comment Share on other sites More sharing options...
Trippy Posted April 5 Share Posted April 5 What's your source for this info? 1 Link to comment Share on other sites More sharing options...
transam Posted April 5 Share Posted April 5 Where's your story link......? 🤔 2 Link to comment Share on other sites More sharing options...
Photoguy21 Posted April 5 Share Posted April 5 If that is the case then they are expecting the price of crude to increase within 3 months because that is how crude is sold i.e. on a 3 month forward look. Link to comment Share on other sites More sharing options...
Popular Post rexpotter Posted April 5 Author Popular Post Share Posted April 5 9 minutes ago, Trippy said: What's your source for this info? The gas station. motorist.co.th 1 1 2 Link to comment Share on other sites More sharing options...
rexpotter Posted April 5 Author Share Posted April 5 1 minute ago, rexpotter said: The gas station. motorist.co.th 2 1 Link to comment Share on other sites More sharing options...
KannikaP Posted April 5 Share Posted April 5 Diesel's been the same for months, although the new PM promised it would go below what it is now. 2 Link to comment Share on other sites More sharing options...
Crossy Posted April 5 Share Posted April 5 32 minutes ago, rexpotter said: Takes a bit of time, but if it continues expect everything you buy to cost 18% more. Most commercial transport uses diesel which is pegged to < 30Baht per litre. 2 Link to comment Share on other sites More sharing options...
Trippy Posted April 5 Share Posted April 5 13 minutes ago, Photoguy21 said: If that is the case then they are expecting the price of crude to increase within 3 months because that is how crude is sold i.e. on a 3 month forward look. According to the title the increase ends today. 18% Petrol Increase from Jan 1st util today 1 Link to comment Share on other sites More sharing options...
Photoguy21 Posted April 5 Share Posted April 5 1 minute ago, Trippy said: According to the title the increase ends today. 18% Petrol Increase from Jan 1st util today Probably because the price of crude has gone down. This price would have been agreed in the beginning of January. The Oil & Gas industry works on the pricing of a 3 month advance period. 2 Link to comment Share on other sites More sharing options...
Liverpool Lou Posted April 5 Share Posted April 5 (edited) 48 minutes ago, rexpotter said: So whats the deal? This always gets passed on to the little guy. Takes a bit of time, but if it continues expect everything you buy to cost 18% more. Seems to be 14%, not 18% and then only if you select the extremes of the graph rather than a period of time, eg. it's only 4.5% up from October '23 to date. Edited April 5 by Liverpool Lou 2 Link to comment Share on other sites More sharing options...
Trippy Posted April 5 Share Posted April 5 4 minutes ago, Photoguy21 said: Probably because the price of crude has gone down. This price would have been agreed in the beginning of January. The Oil & Gas industry works on the pricing of a 3 month advance period. Crude is way up, 86.80 usd today. https://oilprice.com/ 1 Link to comment Share on other sites More sharing options...
Ralf001 Posted April 5 Share Posted April 5 52 minutes ago, rexpotter said: but if it continues expect everything you buy to cost 18% more. Why ? Link to comment Share on other sites More sharing options...
KannikaP Posted April 5 Share Posted April 5 (edited) 38 minutes ago, Crossy said: Most commercial transport uses diesel which is pegged to < 30Baht per litre. Oh no it ain't. Bht 30.37 in my neck of the woods. 30.84 at Shell. Premium diesel, whatever that is, 44.84. Will my Vigo go faster on it? 555 Edited April 5 by KannikaP Link to comment Share on other sites More sharing options...
PoorSucker Posted April 5 Share Posted April 5 Have not noticed, I always fill up with 120baht 1 Link to comment Share on other sites More sharing options...
Celsius Posted April 5 Share Posted April 5 Carbon Tax 1 Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted April 5 Popular Post Share Posted April 5 (edited) 1 hour ago, Crossy said: Most commercial transport uses diesel which is pegged to < 30Baht per litre. Price ceiling was lifted effective April 2. 100 billion Baht have been burned for that since September. So far not much impact (except Shell with +0.5). Maybe due to the promise of PTT that prices during Songkran won't rise. (most info from The Nation) It's naive to assume that Thai fuel prices follow simple market mechanisms/oil price. It's a complicated system (oil fund) and politically driven. One effect is the stable Diesel price and high flying 95 gasohol. 91 promoted to be significantly cheaper than 95. Edited April 5 by KhunBENQ 3 Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted April 5 Popular Post Share Posted April 5 18% fuel price increase leading to 18% increase of "everything". Hard to believe what economic geniuses are posting here, 1 2 Link to comment Share on other sites More sharing options...
Crossy Posted April 5 Share Posted April 5 6 minutes ago, KhunBENQ said: Price ceiling was lifted effective April 2. 100 billion Baht have been burned for that since September. So far not much impact (except Shell with +0.5). Maybe due to the promise of PTT that prices during Songkran won't rise. (most info from The Nation) It's naive to assume that Thai fuel prices follow simple market mechanisms/oil price. It's a complicated system (oil fund) and politically driven. One effect stable Diesel prices and high flying 95 gasohol. That EV is looking even more attractive 2 Link to comment Share on other sites More sharing options...
bradiston Posted April 5 Share Posted April 5 (edited) Bangchak's website has a lot of info. Current prices and historical. 91 was 32.98 on Jan 4th. Today, 38.48. So 5.5 THB rise. 16.5% rise. https://www.bangchak.co.th/en/oilprice/historical Edited April 6 by bradiston 2 Link to comment Share on other sites More sharing options...
rexpotter Posted April 6 Author Share Posted April 6 Anyways it cost me 1400 baht instead of the usual 1200baht a few days ago for my Toyota. Link to comment Share on other sites More sharing options...
TheFishman1 Posted April 6 Share Posted April 6 I remember when 85 gas hall was at 22Bht liter TIT Link to comment Share on other sites More sharing options...
charleskerins Posted April 6 Share Posted April 6 17 hours ago, rexpotter said: So whats the deal? This always gets passed on to the little guy. Takes a bit of time, but if it continues expect everything you buy to cost 18% more. It's Biden's fault Link to comment Share on other sites More sharing options...
Celsius Posted April 6 Share Posted April 6 16 hours ago, PoorSucker said: Have not noticed, I always fill up with 120baht eee yeesip temtang 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted April 6 Share Posted April 6 (edited) 1 hour ago, TheFishman1 said: I remember when 85 gas hall was at 22Bht liter TIT I am so glad that I could resist to have an E85 adapter installed when the price was 18 Baht. (car is specified for E20) Edited April 6 by KhunBENQ Link to comment Share on other sites More sharing options...
rexpotter Posted April 6 Author Share Posted April 6 17 hours ago, Ralf001 said: Why ? Please forgive me, that's not correct. I must have been enjoying a few beers. All I know is I have 200 baht less this month. Link to comment Share on other sites More sharing options...
NoshowJones Posted April 6 Share Posted April 6 20 hours ago, Ralf001 said: Why ? Greed! Link to comment Share on other sites More sharing options...
Photoguy21 Posted April 6 Share Posted April 6 On 4/5/2024 at 2:34 PM, Trippy said: Crude is way up, 86.80 usd today. https://oilprice.com/ It has been over US$80 for a while it isnt way up but it is up. Link to comment Share on other sites More sharing options...
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