ID :
181970
Fri, 05/13/2011 - 14:27
Auther :
Shortlink :
http://m.oananews.org//node/181970
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Thailand's state-backed oil firms introduce further cuts to gasoline prices
BANGKOK, May 13 (TNA) - Thailand's two state-controlled oil firms, PTT Public Company Limited (PTT) and Bangchak Petroleum Public Company Limited (Bangchak), have announced that they will further cut their retail gasoline prices by 40 satang per litre and gasohol E85 by 20 satang per litre, from early Saturday morning onwards.
PTT and Bangchak said on Friday that the decision, which was expected to lead the way for local firms to follow suit, was publicly announced after world oil prices in the benchmarked Singapore market sharply dropped on Thursday. While the Dubai crude price fell 5.88 US dollars a barrel to close at 105.50, the prices of gasoline and diesel plummeted 8.22 and 4.96 US dollars a barrel to close at 123.65 and 123.52 respectively. However, those in the US and UK markets remained nearly unchanged.
Following the move, PTT and Bangchak's retail prices of regular gasoline, which are sold as benzene 91, gasohol 95, gasohol 91, gasohol E20 and gasohol E85 in Bangkok and will be 43.14, 38.24, 35.74, 34.84 and 22.42 baht per litre respectively in peripheral provinces as of the early hours of May 14; while their retail price of diesel will remain intact at 29.99 per litre.
Meanwhile, analysts said that the demand for world oil should decline due to measures to curb inflation introduced by several countries--amid the continual rising of global oil prices that has been caused by the speculation of oil funds. (TNA)
PTT and Bangchak said on Friday that the decision, which was expected to lead the way for local firms to follow suit, was publicly announced after world oil prices in the benchmarked Singapore market sharply dropped on Thursday. While the Dubai crude price fell 5.88 US dollars a barrel to close at 105.50, the prices of gasoline and diesel plummeted 8.22 and 4.96 US dollars a barrel to close at 123.65 and 123.52 respectively. However, those in the US and UK markets remained nearly unchanged.
Following the move, PTT and Bangchak's retail prices of regular gasoline, which are sold as benzene 91, gasohol 95, gasohol 91, gasohol E20 and gasohol E85 in Bangkok and will be 43.14, 38.24, 35.74, 34.84 and 22.42 baht per litre respectively in peripheral provinces as of the early hours of May 14; while their retail price of diesel will remain intact at 29.99 per litre.
Meanwhile, analysts said that the demand for world oil should decline due to measures to curb inflation introduced by several countries--amid the continual rising of global oil prices that has been caused by the speculation of oil funds. (TNA)
