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Posted

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.

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Posted

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.

Posted

Diesel's been the same for months, although the new PM promised it would go below what it is now.

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Posted
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.

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Posted
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

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Posted
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.

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Posted (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 by Liverpool Lou
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Posted
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/

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Posted (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 by KannikaP
Posted
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 :smile:

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Posted
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

Posted (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 by KhunBENQ
Posted
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.

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