webfact Posted November 18, 2014 Share Posted November 18, 2014 Oil prices drop while gas prices rise in Thailand BANGKOK, 18 November 2014 (NNT) - The Energy Policy Committee has come up with a resolution to lower benzene and gasohol fuel prices down by another 60 satang today after world oil prices have declined continuously.Energy Minister Narongchai Akkaraseranee revealed that the committee has adjusted the oil prices in Thailand in compliance with the market mechanism. Oil retailers, therefore, have been requested to lower down the prices of benzene and gasohol by 60 satang a liter. However, prices of Gasohol E85 and diesel will stay the same.Although the committee agreed to allocate 60 satang more to every liter of diesel sold to the Oil Fund, it has assured that such action would not affect retail diesel prices. Diesel oil prices will continue to be sold at 29.39 baht per liter.On the other hand, the committee agreed to raise LPG prices to reflect their actual costs in the market. LPG prices in the household and transport sector are set to be increased by 50 satang per kilogram from 22.63 baht to 23.13 baht, effective today.-- NNT 2014-11-18 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted November 18, 2014 Popular Post Share Posted November 18, 2014 As expected very slow for prices to drop at the pumps,but when prices of oil rises,they go up very quickly. regards Worgeordie 3 Link to comment Share on other sites More sharing options...
NeverSure Posted November 18, 2014 Share Posted November 18, 2014 Oil prices drop while gas prices rise in Thailand. Says it all. 1 Link to comment Share on other sites More sharing options...
nev Posted November 18, 2014 Share Posted November 18, 2014 Large petrol station takes over the market putting smaller stations out of business, have a monopoly and no competition so can charge what they want. Link to comment Share on other sites More sharing options...
Lingba Posted November 18, 2014 Share Posted November 18, 2014 what a surprise now Link to comment Share on other sites More sharing options...
ratcatcher Posted November 18, 2014 Share Posted November 18, 2014 Is the Caltex group under the Chevron banner? I believe it is. Link to comment Share on other sites More sharing options...
connda Posted November 18, 2014 Share Posted November 18, 2014 Come on!!! You don't expect oil companies to pass up on windfall profits do you? Link to comment Share on other sites More sharing options...
Nuddy Posted November 18, 2014 Share Posted November 18, 2014 Caltex is a petroleum brand name of Chevron Corporation used in more than 60 countries in the Asia-Pacific region, the Middle East, and southern Africa. Link to comment Share on other sites More sharing options...
lust Posted November 18, 2014 Share Posted November 18, 2014 Soon they will have the 2-tier system at the pumps. Thai and non-thai pricing. 1 Link to comment Share on other sites More sharing options...
bkkjames Posted November 18, 2014 Share Posted November 18, 2014 The optimist in me hopes it's just the backlog of previously purchased fuel at higher prices keeping pump prices up. The pessimistic me tells the optimist me to shut up. Link to comment Share on other sites More sharing options...
tullynagardy Posted November 18, 2014 Share Posted November 18, 2014 In most countries prices have dropped by around 20%. Another example of why this junta will fail in 2015. 1 Link to comment Share on other sites More sharing options...
Gunna Posted November 18, 2014 Share Posted November 18, 2014 Come on!!! You don't expect oil companies to pass up on windfall profits do you? I think the Thai Government is the winner as it doesn't have to pay as much in subsidies to keep the oil price lower than it would be without them. Link to comment Share on other sites More sharing options...
Alwyn Posted November 18, 2014 Share Posted November 18, 2014 As expected very slow for prices to drop at the pumps,but when prices of oil rises,they go up very quickly. regards Worgeordie Same here in the UK Link to comment Share on other sites More sharing options...
TheFishman1 Posted November 18, 2014 Share Posted November 18, 2014 This is Thailand hope that answer your question Link to comment Share on other sites More sharing options...
Emster23 Posted November 18, 2014 Share Posted November 18, 2014 Any time government gets into economy and pricing here I wince. Like giving a hoe to a drunk teenager, with similar results. Link to comment Share on other sites More sharing options...
nisakiman Posted November 18, 2014 Share Posted November 18, 2014 Here in Greece the price of LPG has dropped by 15% over the last few months. Link to comment Share on other sites More sharing options...
Chris Lawrence Posted November 18, 2014 Share Posted November 18, 2014 World prices for petrol have dropped over the last few weeks? Link to comment Share on other sites More sharing options...
NeverSure Posted November 18, 2014 Share Posted November 18, 2014 World prices for petrol have dropped over the last few weeks? Yes. I bought regular unleaded for US$2.40 per US gallon. That's 78 baht. There are 3.78 liters in a US gallon. That's down sharply in the last 90 days. Link to comment Share on other sites More sharing options...
diehard60 Posted November 18, 2014 Share Posted November 18, 2014 Diesel oil prices will continue to be sold at 29.39 baht per liter. Where is this???? In Issan it is 30.14 - 30.44 Link to comment Share on other sites More sharing options...
Strangebrew Posted November 19, 2014 Share Posted November 19, 2014 One must understand things work differently in Thailand the HUB of greed. 1 Link to comment Share on other sites More sharing options...
phutoie2 Posted November 19, 2014 Share Posted November 19, 2014 Diesel oil prices will continue to be sold at 29.39 baht per liter. Where is this???? In Issan it is 30.14 - 30.44 They always quote the Bangkok price, its dearer up country. Transportation costs, its above 30 THB in our town too. 1 Link to comment Share on other sites More sharing options...
spidermike007 Posted November 19, 2014 Share Posted November 19, 2014 World prices for petrol have dropped over the last few weeks? Yes. I bought regular unleaded for US$2.40 per US gallon. That's 78 baht. There are 3.78 liters in a US gallon. That's down sharply in the last 90 days. Not sure anyone can prove to me that PTT could not lower its prices by a good margin, and still not make a profit. This lack of lowering of the prices, despite the massive fall in wholesale oil prices reeks of profiteering. Maybe another example of the lack of consumer protections the current government is responsible for? And the lack of a free market. I know the apologists will say that the gas is subsidized. I do not believe it. It is simply too high to be subsidized, unless the oil companies are being mismanaged on a tragic level. Link to comment Share on other sites More sharing options...
billd766 Posted November 19, 2014 Share Posted November 19, 2014 In most countries prices have dropped by around 20%. Another example of why this junta will fail in 2015. It certainly has NOT dropped by 20% in the UK nor I suspect in the EU either but being as you say that it has can you please provide the links? Link to comment Share on other sites More sharing options...
billd766 Posted November 19, 2014 Share Posted November 19, 2014 Diesel oil prices will continue to be sold at 29.39 baht per liter. Where is this???? In Issan it is 30.14 - 30.44 The extra cost is for delivery to Issan and most places outside Bangkok and the refineries. 1 Link to comment Share on other sites More sharing options...
Thai at Heart Posted November 19, 2014 Share Posted November 19, 2014 Energy Minister Narongchai Akkaraseranee revealed that the committee has adjusted the oil prices in Thailand in compliance with the market mechanism Surely shome contradiction here. They adjusted it by committee..... Link to comment Share on other sites More sharing options...
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