ID :
194283
Mon, 07/11/2011 - 14:36
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http://m.oananews.org//node/194283
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Thai oil traders raise gasoline and diesel prices
BANGKOK, July 11 (TNA) - Some oil traders in Thailand have raised their retail gasoline and diesel prices; while some others are expected to soon follow suit.
Esso has raised the retail prices of its gasoline grouped, or benzene-grouped, fuel products by 60 satang per litre and diesel by 50 satang per litre respectively, effective from early Monday morning, after Caltex has raised its retail diesel prices, also by 50 satang per litre, since last weekend.
Other local oil traders, including PTT Public Company Limited (PTT) and Bangchak Petroleum Public Company Limited (Bangchak), Thailand's two state-supported petroleum firms, are reportedly considering to follow suit shortly, probably by Tuesday, as they are assessing movements of world oil prices in Singapore, a regional benchmarked oil market.
Thaioil Public Company Limited or Thaioil, a PTT affiliate and Thailand's largest refined petroleum firm, said that world oil prices will likely keep fluctuating this week, influenced by debt problems in Europe and the United States, with the prices of Brent Crude in the British market and West Texas or Texas Light Sweet Crude in the US market expected to hover around 112-120 and 92-100 US dollars per barrel respectively.
Meanwhile, the Energy Management Policy Committee under the Thai Ministry of Energy was set to hold a meeting Monday afternoon--at which a reduction in diesel levy contributed to the state oil fund by further 50 satang per litre in order to cap retail diesel prices on the domestic market to no higher than 30 baht per litre until the end of September 2011 and a resolution on raising the retail price of liquefied petroleum gas (LPG) used in the local industrial sector by three baht per kilogram were expected to be considered and approved. (TNA)
Esso has raised the retail prices of its gasoline grouped, or benzene-grouped, fuel products by 60 satang per litre and diesel by 50 satang per litre respectively, effective from early Monday morning, after Caltex has raised its retail diesel prices, also by 50 satang per litre, since last weekend.
Other local oil traders, including PTT Public Company Limited (PTT) and Bangchak Petroleum Public Company Limited (Bangchak), Thailand's two state-supported petroleum firms, are reportedly considering to follow suit shortly, probably by Tuesday, as they are assessing movements of world oil prices in Singapore, a regional benchmarked oil market.
Thaioil Public Company Limited or Thaioil, a PTT affiliate and Thailand's largest refined petroleum firm, said that world oil prices will likely keep fluctuating this week, influenced by debt problems in Europe and the United States, with the prices of Brent Crude in the British market and West Texas or Texas Light Sweet Crude in the US market expected to hover around 112-120 and 92-100 US dollars per barrel respectively.
Meanwhile, the Energy Management Policy Committee under the Thai Ministry of Energy was set to hold a meeting Monday afternoon--at which a reduction in diesel levy contributed to the state oil fund by further 50 satang per litre in order to cap retail diesel prices on the domestic market to no higher than 30 baht per litre until the end of September 2011 and a resolution on raising the retail price of liquefied petroleum gas (LPG) used in the local industrial sector by three baht per kilogram were expected to be considered and approved. (TNA)
