Petrol Going Up Again Benzene 91

[marquess]

That is the question can anyone tell me why the gov has just put Benzene 91 up to 36.34 from 35.84 when the price of oil is at just $70, when it was at $78-80 we were paying 35.34 then when it went up to around $85 we were paying 35.84. What is there logic? Doesn't anyone question anything that goes in the press?

[billd766]

How about before when there was an oil subsidy fund where the governments of the day subsidised prices from government funds and now they are trying not to do so.

How much does it cost in Europe for oil that probably came from the same hole in the ground.

When I first bought my pickup in December 2001 diesel was just over 9 baht a litre and now it is about 3 times the price.

Fuel in Thailand is still cheap compared to a lot of other countries.

Be thankful

[Soutpeel]

How about before when there was an oil subsidy fund where the governments of the day subsidised prices from government funds and now they are trying not to do so.

How much does it cost in Europe for oil that probably came from the same hole in the ground.

When I first bought my pickup in December 2001 diesel was just over 9 baht a litre and now it is about 3 times the price.

Fuel in Thailand is still cheap compared to a lot of other countries.

Be thankful

Barrel price is only part of the costing for fuel, you also have to consider refining costs, taxation and goverment subsidies in the equation as well as well as the forward contracts, therefore the price per liter going up or down is not directly related to the barrel price.

I would cite with the price of a barrel went up to US$150 a barrel, did the price go up by the same proportions in Thailand...no

[marquess]

Mayhap, but it seems passing strange that the price should be increasing when it is decreasing on the world market!

[Soutpeel]

Mayhap, but it seems passing strange that the price should be increasing when it is decreasing on the world market!

Not strange at all if you research the way fuel is priced at the pumps, why is fuel more expensive in europe, when the barrels of oil are most likely coming from the same places in the world.....Europe = Taxation...therefore barrel price could decrease and the goverment in a particular country could increase the tax...

[aussiebebe]

I'm fascinated with billd766's comment about diesel being 9baht per litre in 2001, that's well before I ever visited and I can barely imagine it.

[eTiMaGo]

In 1991 we filled up the Mazda Familia with gasoline for 300 baht! Was barely 10B/L back then for 95 octane

[soundman]

The latest 0.50B was totally un-expected amongst the fuel retailers. Normally the fuel retailers know to within a day when to DOE allows a price change.

Thai fuel prices more closely follow Singapore refined prices rather than say Brent crude prices. Other factors include contribution to energy fund, which is not set in stone & fluctuates depending on a number of factors, such as long term averages, consumer sentiment, foreign exchange, local elections etc.

From personal observation, DOE appears to make retail pump price to lag the world crude price by abot 4 - 7 days in a downward pricing trend, and about 7 - 10 days in an upward pricing trend.

[crazyswede]

Stop your crying .. we pay nearly 57b per lite here in Falangland!

[billd766]

I'm fascinated with billd766's comment about diesel being 9baht per litre in 2001, that's well before I ever visited and I can barely imagine it.

The Ford dealer on Sukhumvit 62 actually put 500 baht in for me so I boldly paid the rest (200 baht) to fill the tank.

I still have the truck with 214,xxx kms on it.

[MikeyIdea]

I'm fascinated with billd766's comment about diesel being 9baht per litre in 2001, that's well before I ever visited and I can barely imagine it.

The first petrol I bought in Thailand cost 9 bath per litre, a pack of Sai Fonn 16 bath

[soundman]

Current and historical data on petroleum prices in Thailand here.

Cost and tax breakdown in excel format.

Copy_of_pt_price_st_2010_02_09.xls

[torrenova]

I'm fascinated with billd766's comment about diesel being 9baht per litre in 2001, that's well before I ever visited and I can barely imagine it.

We bought our first vehicle, a new truck in mid 2007 and diesel was around Bt16 a litre. Within a year, it had more than doubled to Bt34 and went up to about Bt40 or so I think. I know a full tank when bought cost about Bt1700 and nearly Bt4000 at the top !