i claudius Posted November 30, 2014 Share Posted November 30, 2014 Oil prices have dropped so much ,why hasn't the price of petrol ,any ideas? Link to comment Share on other sites More sharing options...
pedro01 Posted November 30, 2014 Share Posted November 30, 2014 I've noticed it's been dropping at the pumps.... At least 4 Baht a litre Link to comment Share on other sites More sharing options...
NeverSure Posted November 30, 2014 Share Posted November 30, 2014 So many of the big money things in Thailand are run by cartels, thugs... I can't tell you that's true of oil in Thailand but we do know who owns a lot of it. The price of regular unleaded gas in Thailand is outrageous as are many other things such as seed, fertilizer and chemicals for farmers. There always seems to be someone with his snout in the trough. Some blame the existing higher priced stocks, and say the price will come down when those are used up. But why should they if someone has control and can gouge people? Why have gas prices nosedived in my country but not budged in LOS? I don't know why so any things are so darned expensive in Thailand exactly, but they sure are. 2 Link to comment Share on other sites More sharing options...
daveAustin Posted November 30, 2014 Share Posted November 30, 2014 Graft. It's a third world rip-off here today... oh how different to even 10 years ago. 1 Link to comment Share on other sites More sharing options...
Popular Post IMHO Posted November 30, 2014 Popular Post Share Posted November 30, 2014 These XLS's detail how the prices work in a very transparent manner: http://www.eppo.go.th/petro/price/index.html 3 Link to comment Share on other sites More sharing options...
kurtramsbottom Posted November 30, 2014 Share Posted November 30, 2014 Didn't someone on here predict a drop in fuel prices not so long ago ,I think he lives in Ph uket & been around a million miles? Link to comment Share on other sites More sharing options...
spidermike007 Posted November 30, 2014 Share Posted November 30, 2014 (edited) The govt. and PTT are pocketing the difference. At $4.50 to $5 a gallon, no one can convince me fuel is being subsidized. Quite the opposite. A lot of profit is being made. 95 should be about 20 baht per liter with Brent at under $70. Edited November 30, 2014 by spidermike007 2 Link to comment Share on other sites More sharing options...
wilcopops Posted December 1, 2014 Share Posted December 1, 2014 Diesel is subsidised in Thailand - and the oil industry is largely in the hands of the government - so any price changes need to be authorised by the government. Link to comment Share on other sites More sharing options...
IMHO Posted December 1, 2014 Share Posted December 1, 2014 Look at the XLS's I linked people - the only fuel with a subsidy is E85. Link to comment Share on other sites More sharing options...
IMHO Posted December 1, 2014 Share Posted December 1, 2014 The govt. and PTT are pocketing the difference. At $4.50 to $5 a gallon, no one can convince me fuel is being subsidized. Quite the opposite. A lot of profit is being made. 95 should be about 20 baht per liter with Brent at under $70. Right - Gasohol 95 E10 is 20.3 Baht ex refinery, and 34.3 once all the taxes, levies and profits have been applied. Link to comment Share on other sites More sharing options...
KhunBENQ Posted December 1, 2014 Share Posted December 1, 2014 (edited) Funny to see US Americans write about fuel prices, only the Saudis could be more outraged about the "high" price in Thailand You have absolutely no idea what high prices are! And sure the prices have come down over the last couple of months and will continue to do so (like yesterday). Regular petrol (no ethanol) has come down from about 50 Baht to nearly 40 Baht. Price has fallen for E10 and E20 also. Some price movements are triggered by changing tax/subsidy rules. Maybe this is was the stupid mafia/conspiracy postings are about? Yes there are countries that raise taxes. And I can already hear the outcry when the diesel subsidy will be cut and the diesel price will finally rise about the subsidised limit of 30 Baht. This is announced for the near future. Price will reach 36 or so then while petrol and E10/E20 might go down further. Gas (LPG) will rise further as announced to more than 20. Edited December 1, 2014 by KhunBENQ 1 Link to comment Share on other sites More sharing options...
WarpSpeed Posted December 1, 2014 Share Posted December 1, 2014 (edited) The govt. and PTT are pocketing the difference. At $4.50 to $5 a gallon, no one can convince me fuel is being subsidized. Quite the opposite. A lot of profit is being made. 95 should be about 20 baht per liter with Brent at under $70. That was one thing I took into serious consideration before moving back, people saying how cheap it is/was to live there and it just didn't add up for me at the time gasoline was in the numbers you posted and now it is 2.70 per gallon here and still dropping almost daily. That is one major consumable that along with several others adds up very quickly.. We may be looking at only about .60 to .75 per gallon more than it was when I first left for Thailand 11 years ago in the 2.40 to 2.50 range the way prices are predicted to fall, but back then it was about 1.75 per gallon. It seems the Saudi's don't like how much oil were producing in the shale fields and wants to shut down some of the smaller competition so this may go on for quite a while hopefully. I feel like there is also a behind the scenes deal to break the Ruskies before they get any more cheeky, both the US and the Middle east can handle the drop in prices better then the Ruskies but at any rate they are predicting as low as maybe $45 per barrel in the coming months, I'll be one happy camper if that happens? Edited December 1, 2014 by WarpSpeed Link to comment Share on other sites More sharing options...
spidermike007 Posted December 1, 2014 Share Posted December 1, 2014 The govt. and PTT are pocketing the difference. At $4.50 to $5 a gallon, no one can convince me fuel is being subsidized. Quite the opposite. A lot of profit is being made. 95 should be about 20 baht per liter with Brent at under $70.That was one thing I took into serious consideration before moving back, people saying how cheap it is/was to live there and it just didn't add up for me at the time gasoline was in the numbers you posted and now it is 2.70 per gallon here and still dropping almost daily. That is one major consumable that along with several others adds up very quickly.. We may be looking at only about .60 to .75 per gallon more than it was when I first left for Thailand 11 years ago in the 2.40 to 2.50 range the way prices are predicted to fall, but back then it was about 1.75 per gallon. It seems the Saudi's don't like how much oil were producing in the shale fields and wants to shut down some of the smaller competition so this may go on for quite a while hopefully. I feel like there is also a behind the scenes deal to break the Ruskies before they get any more cheeky, both the US and the Middle east can handle the drop in prices better then the Ruskies but at any rate they are predicting as low as maybe $45 per barrel in the coming months, I'll be one happy camper if that happens? Yes, me too. And if they break the Russkies and put King Vlad out of business, my heart will not bleed. And Thailand is not cheap anymore. Reasonable, yes. But nowhere near cheap. 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted December 1, 2014 Share Posted December 1, 2014 (edited) For cheap fuel I recommend Saudi Arabia, Venezuela or Iran if you care for. I will stay here http://www.statista.com/statistics/221368/gas-prices-around-the-world/ PTT gasoline (no ethanol) is 40.76 Baht/l today. USD is 32.8 THB. 1 Gallon is about 3.8 l. Makes about 4.7 USD per gallon. More than in the US but far from expensive compared to high price countries. No UK folks on this thread? My car drives good on E20 which is about 20% cheaper. The "good old times" are over and I do not believe that the current low oil price is garantueed forever. Edited December 1, 2014 by KhunBENQ Link to comment Share on other sites More sharing options...
WarpSpeed Posted December 1, 2014 Share Posted December 1, 2014 Nothing is guaranteed forever but it will be around a while still, and i'll take it while lasts, it means a lot of money in the bank not being burned out my exhaust pipe. The lower it goes, the longer it will take to rise again too, it's a win win all around. Link to comment Share on other sites More sharing options...
IMHO Posted December 1, 2014 Share Posted December 1, 2014 (edited) And I can already hear the outcry when the diesel subsidy will be cut and the diesel price will finally rise about the subsidised limit of 30 Baht. What diesel subsidy? The only thing the gov't give diesel is slightly lower tax and levies Edited December 1, 2014 by IMHO 2 Link to comment Share on other sites More sharing options...
mortenaa Posted December 1, 2014 Share Posted December 1, 2014 95 gasoline was 50 Baht a few months ago. Was lowered to around 45 because of tax cuts by the Junta. And now around 40 Baht coz of lowered oil price.. I guess we will see 38-39 Baht soon? 1 Link to comment Share on other sites More sharing options...
wilcopops Posted December 1, 2014 Share Posted December 1, 2014 And I can already hear the outcry when the diesel subsidy will be cut and the diesel price will finally rise about the subsidised limit of 30 Baht. What diesel subsidy? The only thing the gov't give diesel is slightly lower tax and levies pricestructure.png I think you'd better find out what you are talking about ....first look up the word subsidy..... Link to comment Share on other sites More sharing options...
N47HAN Posted December 1, 2014 Share Posted December 1, 2014 Didn't someone on here predict a drop in fuel prices not so long ago ,I think he lives in Ph uket & been around a million miles? Yup , that would be me ;-) Oh and it did happen actually , a month or so after I posted it . As described this was due to a meeting between the Junta and PTT. I did reply at the time when in happened to all the naysayers to truck off :-). This unfortunately is not anything to do with Thai politics just world markets so no breaking news from me :-). Ps. Over a million by now but thanks for remembering the post. Lol Sent from my GT-N7100 using Thaivisa Connect Thailand mobile app 1 Link to comment Share on other sites More sharing options...
IMHO Posted December 1, 2014 Share Posted December 1, 2014 And I can already hear the outcry when the diesel subsidy will be cut and the diesel price will finally rise about the subsidised limit of 30 Baht. What diesel subsidy? The only thing the gov't give diesel is slightly lower tax and levies pricestructure.png I think you'd better find out what you are talking about ....first look up the word subsidy..... OK sure According to google: "a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive." In the case of prices in Thailand, it's the Oil Fund column in the image I posted. Negative numbers (e.g. E85) show a subsidy, positive numbers (everything else) show a levy, no? 1 Link to comment Share on other sites More sharing options...
Kwasaki Posted December 1, 2014 Share Posted December 1, 2014 Que Sera Sera. 1 Link to comment Share on other sites More sharing options...
wilcopops Posted December 1, 2014 Share Posted December 1, 2014 And I can already hear the outcry when the diesel subsidy will be cut and the diesel price will finally rise about the subsidised limit of 30 Baht. What diesel subsidy? The only thing the gov't give diesel is slightly lower tax and levies pricestructure.png I think you'd better find out what you are talking about ....first look up the word subsidy..... OK sure According to google: "a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive." In the case of prices in Thailand, it's the Oil Fund column in the image I posted. Negative numbers (e.g. E85) show a subsidy, positive numbers (everything else) show a levy, no? so you still don't get? Duh! Link to comment Share on other sites More sharing options...
IMHO Posted December 1, 2014 Share Posted December 1, 2014 so you still don't get? Duh! I'm afraid not. Must have reached the limit of my English abilities. Link to comment Share on other sites More sharing options...
WarpSpeed Posted December 2, 2014 Share Posted December 2, 2014 Mine too... 1 Link to comment Share on other sites More sharing options...
Kwasaki Posted December 2, 2014 Share Posted December 2, 2014 Mine too... I wonder how much petrol was in Thailand in 1961, Me's remember buying a UK gallon ( 4.55 Litre's.) of petrol for English 2 shillings and 3 old pence, I think that was still expensive compared to USA. 1 Link to comment Share on other sites More sharing options...
WarpSpeed Posted December 2, 2014 Share Posted December 2, 2014 Wow! 61? I never thought you were THAT old? You got me there by a few years. I was just a nursing baby in swaddling clothes that year, but I can remember a few years later specifically as they gave away little plastic cars (model T's and model A's) at the Hess station on the corner my mother always bought from and people say I'm crazy but I'm not, the gas price was between .22 and .25 per gallon.. Link to comment Share on other sites More sharing options...
ktm jeff Posted December 2, 2014 Share Posted December 2, 2014 Was the Ford model T a "new model" back then HE HE . High prices !!!! In England its between 10 and 11 Dollars per gallon .I will be happy if Benzine stays low. Link to comment Share on other sites More sharing options...
WarpSpeed Posted December 2, 2014 Share Posted December 2, 2014 I knew someone would latch hold of that, It says "Toy car". They had a classic collector series going ... Link to comment Share on other sites More sharing options...
ktm jeff Posted December 4, 2014 Share Posted December 4, 2014 Sorry WarpSpeed - mate !. I assume you took it with the friendly hummor with which it was sent. Tax (on everything) is the biggest problem here in England. Fuel is a bargain when there is no better alternative untill battery technology advances a big leap , which it will , but not for at least 5 years. Link to comment Share on other sites More sharing options...
WarpSpeed Posted December 5, 2014 Share Posted December 5, 2014 Ermmm, I did take it that way hence the icons I used.. I was certain there was no way it'd be misconstrued if used them, but oh well .. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
.thumb.jpg.4fd22303fa94eb0a6ebf5a9cf7194eb4.jpg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now