webfact Posted December 24, 2014 Share Posted December 24, 2014 Oil prices cut again, except Gasohol 91 and E 85BANGKOK: - Bangchak and PTT Plc yesterday announced the reduction of Gasohol 95 and E 20 by 30 satang/litre, effective 5.00 am Wednesday. Prices of other oil remained unchanged.The reduction of retail prices for Gasohol 95 and E20 came after a meeting of the Energy Policy Administration Committee (EPAC) yesterday as world oil prices continued to fall, Energy Minister Narongchai Akrasanee said.The EPAC also raised the duty to the Oil Fund collected from diesel by another 70 satang a litre to 2.45 baht and from Gasohol 91 by 30 satang. But the increases would not affect their retail prices.The new prices of all oil products will be as follow:GSH95 = 30.00 baht/litreGSH91 = 28.28 baht / litreE20 = 26.68 baht / litreE85 = 22.48 baht / litreDiesel = 26.89 baht / litre Source: http://englishnews.thaipbs.or.th/oil-prices-cut-except-gasohol-91-e-85 -- Thai PBS 2014-12-24 Link to comment Share on other sites More sharing options...
NongKhaiKid Posted December 24, 2014 Share Posted December 24, 2014 World prices or another government gift ? 1 Link to comment Share on other sites More sharing options...
thesetat2013 Posted December 24, 2014 Share Posted December 24, 2014 I wonder if the Gov is going to take credit for this new years gift? 1 Link to comment Share on other sites More sharing options...
daveAustin Posted December 24, 2014 Share Posted December 24, 2014 Benzene is still up near 40. Everything should be closer to, or at, 20 by now! Link to comment Share on other sites More sharing options...
Noi657 Posted December 24, 2014 Share Posted December 24, 2014 Does the gift still stay in play when oil prices rise? Link to comment Share on other sites More sharing options...
Thai at Heart Posted December 24, 2014 Share Posted December 24, 2014 This semi govt control of so many markets in Thailand is going to cause a mess PTT must be coining it in 1 Link to comment Share on other sites More sharing options...
FangFerang Posted December 24, 2014 Share Posted December 24, 2014 I have to hope that one day "speculation on the market" is illegal. What a barrel of oil costs on delivery bears almost no resemblance to the price at the pump, even after accounting for production mark ups. Middlemen are ruining financial markets, agricultural markets, and even entire economies. 2 Link to comment Share on other sites More sharing options...
Bob12345 Posted December 24, 2014 Share Posted December 24, 2014 I have to hope that one day "speculation on the market" is illegal. What a barrel of oil costs on delivery bears almost no resemblance to the price at the pump, even after accounting for production mark ups. Middlemen are ruining financial markets, agricultural markets, and even entire economies. Buy stocks of oil companies and you become "the middleman" pocketing all the money (btw, the barrels of oil are filled with crude, which is totally different from what goes into your car) 1 Link to comment Share on other sites More sharing options...
Slickrick Posted December 24, 2014 Share Posted December 24, 2014 Keep it coming. Love this. Link to comment Share on other sites More sharing options...
emilymat Posted December 24, 2014 Share Posted December 24, 2014 Wow ! Link to comment Share on other sites More sharing options...
Alwyn Posted December 24, 2014 Share Posted December 24, 2014 World prices or another government gift ? Oil dropped 23 cents today but this won't impact fuel as fuel prices depend on how oil reserve Thailand has. When oil is bought at today's price, gets refined then hits the pumps it'll see some difference (if the government lets the savings filter through which it hasn't done to date - but then nor has any other government passed on the full saving, this has to do with taxes too). World prices were at the lowest on about 15th December when it went below $60 a barrel. If Thailand bought in at that price we should see - Buddha willing - a drop at the pumps soon Link to comment Share on other sites More sharing options...
sfokevin Posted December 24, 2014 Share Posted December 24, 2014 It's like Christmas!... Sadly there are no scheduled elections under the tree... Link to comment Share on other sites More sharing options...
ggt Posted December 24, 2014 Share Posted December 24, 2014 Unleaded gasoline is less than $2.00 per gal in many states of the US now...lowest price in many years...hopefully more price cuts to come... Link to comment Share on other sites More sharing options...
billd766 Posted December 25, 2014 Share Posted December 25, 2014 When I bought my Ford Ranger pickup in December 2001 I filled the 70 litre tank for a little under 700 baht. Ah the good old days. Link to comment Share on other sites More sharing options...
robblok Posted December 25, 2014 Share Posted December 25, 2014 Wow the general does give happiness to the people. Well done may the junta rule forever. Normally controlling market prices goes wrong.. ask YL and the rice scam. But the general got it right (has nothing to do with the US trying to punish Russia) Link to comment Share on other sites More sharing options...
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